The British car maker has signed a letter of intent with the National Industrial Clusters Development Program in Saudi Arabia to buy aluminium from what is being described as one of the world’s largest aluminium smelters.
It is then expected to produce body panels for future models, and other components, at an all-new, state-of-the-art pressing plant that is being built in the kingdom.
Ralf Speth, CEO of Jaguar Land Rover, says now that the company is on a “solid footing”, it has to expand globally. He says he is confident that this move is the right one for the firm, allowing it to secure the “cheapest aluminium in the world”.
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