JLR’s new technical engineering office in Hungary will close collaboration of Hungarian engineers with their British peers; the new office is also aimed at aligning JLR’s supply chain across central central and eastern Europe.
On Friday, Britain’s biggest carmaker, Jaguar Land Rover stated, it plans on opening a new technical engineering office in Hungary. The move is aimed at allowing close collaboration with its suppliers across central and Eastern Europe.
Its new technical engineering office in Hungary will create 100 jobs.
On Wednesday, Jaguar Land Rover had reported a quarterly loss and had announced cuts as part of a turnaround plan; it had also disclosed that it has opened a new plant in Slovakia earlier this month while warning that a cliff-hanger Brexit deal would material affect its profitability.
“The team in Budapest will complement the suppliers and supplier technical assistance that we already partner with in the region, as well as our teams in the UK,” said Nick Rogers, JLR’s Executive Director of Product Engineering.
JLR’s statement has found warm welcome by Hungary’s foreign minister Peter Szijjarto.
“The decision of the UK’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,” said Szijjarto.