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EC Probes Slovakia’s Incentives for JLR Factory
The European Commission is investigating the legality of incentives to Jaguar Land Rover Ltd. given by Slovakia to help win an assembly plant in Nitra.
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The European Commission is investigating the legality of incentives to Jaguar Land Rover Ltd. given by Slovakia to help win an assembly plant in Nitra.
The €1.4 billion ($1.6 billion) facility is to begin making as many as 125,000 vehicles per year by the end of 2018. The factory is expected to employ 2,800 people and increase JLR’s global production capacity by about 25%.
Slovakia has agreed to provide about €125 million ($140 million) in aid—the maximum allowed by EU competition rules—over four years. But the Financial Times says the country also has offered to waive land transfer fees, which would exceed the limit.
JLR insists the incentive package is “in line with regional aid guidelines.” The company says it will work closely with the EC and Slovak government to resolve the issue.
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