Jaguar Land Rover will generate 100 jobs with a new technical engineering office in Hungary to invite for close collaboration with providers in central and Eastern Europe, the firm stated on Friday.
JLR, which on Wednesday reported a quarterly loss and declared cuts as part of a turnaround strategy, opened a new plant in Slovakia previously this month and has cautioned that the wrong Brexit deal would negatively impact its profitability.
The automaker stated engineers in Budapest will collaborate with staff in Britain and elsewhere when the office opens in next year.
“The team in Budapest will complement the suppliers and supplier technical assistance that we already partner with in the region, along with our teams in the UK,” stated Nick Rogers, JLR’s Executive Director of Product Engineering.
The announcement was greeted by the country’s foreign minister Peter Szijjarto.
“The decision of the UK’s largest automotive manufacturer to start a technical engineering office in Budapest reaffirms our foreign direct investment strategy and in general our specific focus on high quality automotive-related growth,” he stated.