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In 2013, based on Speth, it invested £3 billion in "product creation" and claimed to be the "biggest R&D investor in the UK within the automotive business". In late 2012, the corporate announced a joint venture for Jaguars and Land Rovers to be built in China, now the world's largest car-market. Powered by the identical 5.0-litre supercharged V8 engine because the F-Type SVR, both sharing a most energy output of 575 hp (429 kW), it was the joint most highly effective Jaguar ever on the time. In the same month, Jaguar Land Rover and the China-primarily based carmaker Chery agreed to take a position an preliminary US$2.78 billion in a new joint enterprise, the actions of which would include the manufacture of Jaguar and Land Rover autos and engines, the establishment of a analysis and improvement facility, the creation of a new car marque, and sales of automobiles produced by the corporate. Ford's Premier Automotive Group (Now unique to the new 'Jaguar - Land Rover' group since the model moved away from the Ford stable). The brand new firm was to be used as a holding company for the acquisition from Ford of the 2 businesses - Jaguar Automobiles Limited and Land Rover for US.23 billion.

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