Jaguar Land Rover announces technical engineering office in Budapest
U.K.-based multinational automotive manufacturer Jaguar Land Rover will open a technical engineering office in Budapest in early 2019 to support the company鈥檚 European supply chain management, according to a press release sent to the Budapest Business Journal.
The new office will create 100 new roles complementing corporate, R&D, engineering and manufacturing functions headquartered in the United Kingdom. The office will join the firm始s engineering network in the U.K., the Republic of Ireland, China and North America.
"Hungary has a strong track record in automotive engineering," noted Nick Rogers, the company始s executive director of product engineering. "We have chosen it as the location for a new engineering office to enable close collaboration with our suppliers located in Central and Eastern Europe."
The company also praised Hungary始s proximity to several key automotive suppliers.
"Today始s announcement by Jaguar Land Rover marks a new chapter in the Hungarian automotive industry as we welcome a new premium OEM to our country," said Minister of Foreign Affairs and Trade P茅ter Szijj谩rt贸. "The decision of the U.K.始s largest automotive manufacturer to open a technical engineering office in Budapest reaffirms our foreign direct investment strategy, and in particular our specific focus on high-quality automotive-related growth."
Owned by India始s Tata Motors, Jaguar Land Rover is the U.K.始s largest automotive manufacturer, built around two iconic British car brands: Land Rover, the world始s leading manufacturer of premium all-wheel-drive vehicles; and Jaguar, one of the world始s premier luxury sports saloon and sports car marques, the press release notes.
The company will spend GBP 4 billion this year on new product creation and capital expenditure in the region, the statement adds.
ADVERTISEMENT
Alteo聽Invests HUF 5.5 bln in Energy Storage
Sport Now 'Strategic Sector' for Hungary - Minister
IWG Expands Footprint in Hungary With 2 New Locations
More Guest Nights y.o.y. for Year-end
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
