Speth: Must find the right product for a U.S. plant
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GENEVA — A U.S. factory is a must if Jaguar Land Rover is to continue to grow and stay competitive, says CEO Ralf Speth.
But the U.K. automaker has to find one product with annual sales of 30,000 to 40,000 to make a U.S. assembly plant worthwhile, he said.
Speth said a vehicle produced in the U.S. would have to be sold primarily in that market. Jaguar Land Rover does not want to export a large number of U.S.-made vehicles overseas, he said.
