JLR's Chief Executive Ralf Speth tells Reuters the spending is part of a move to launch more affordable models from 2015 to emulate the success of lower cost luxury vehicles made by its sister company Land Rover, and will better position it to compete with its larger German rivals. Jaguar, part of the Jaguar Land Rover (JLR) [TAMOJL.UL] group owned by India's Tata Motors [TAMO.NS], said the investment could create a further 24,000 in supply chain jobs.moreless
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