They’re calling it a “very significant” order; supplying 13,000 vehicles to China over a three year period. Significant, indeed!
At a time when vehicle sales are, let’s just say it, in the dumper, Jaguar Land Rover has inked a deal with one of its major business partners in China for 13,000 Land Rovers.
"This is a very significant order, underlining the importance of the Chinese market and the commitment of our partner," said a spokesman.
"Sales of our vehicles in China have been growing rapidly over recent years and it is now already established as our fifth-largest market in the world. The confirmation provides us with a solid base on which to further build our presence in this key emerging market."
Meanwhile – and not surprisingly - the UK Government's multimillion-pound state aid package for its struggling motor industry was approved by the European Commission yesterday.
Trade Secretary Lord Mandelson unveiled the assistance plan last month, which involves £1bn in loans and guarantees as well as £1.3bn in funding from the European Investment Bank.
Business Minister Ian Pearson said: "We are grateful to the Commission for its swift response and approval of our state aid application."
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