Jaguar was thinking of building a new factory in North America, but now it turns out that the company will be building the factory in Slovakia instead.
I'm willing to bet the price of labor is a bit less in Slovakia than it is in most of North America. So I can't be too surprised with this news.Slovakia has already attracted other carmakers. Volkswagen builds a range of models there including its Touareg and Audi Q7 flagship SUVs at its Bratislava plant, South Korea’s Kia produced more than 300,000 vehicles in the country last year while PSA/Peugeot-Citroen’s Slovak unit made more than 255,000 vehicles last year.
Prime Minister Robert Fico said he was committed to boosting the country’s premium car sector and would work closely with Jaguar Land Rover to ensure the plant is built in Slovakia.