NITRA, Slovakia (Reuters) – British carmaker Jaguar Land Rover (JLR) (TAMO.NS) expects an annual production of 100,000 cars at its plant in Slovakia by 2020, said the CEO of the newly opened factory, Alexander Wortberg, on Thursday.
The Jaguar logo is displayed in a Jaguar Land Rover Showroom in Mumbai February 13, 2013. REUTERS / Vivek Prakash / File Photo
The company officially opened its new € 1.4 billion plant in Nitra (Slovakia) on Thursday after it had started production last month. The plant was built with an initial capacity of 150,000 vehicles.
It will take over production of the car manufacturer's discovery model, but could adopt a second model as the UK company faces uncertainty over the failure to reach an agreement on Britain's impending exit from the European Union.
Worstberg said no decision had yet been made on a second model.
"It is very important for JLR worldwide that the solution reached between the EU and the UK does not lead to a tough Brexit," he told reporters.
"We start with a model and a shift, and we will start the second shift shift in November, which will be operational in the second half of next year, with the annual capacity of 100,000 cars by 2020."
Reporting by Tatiana Jancarikova; Arrangement by Susan Fenton and Jon Boyle