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Jaguar Land Rover, Chery seek approval for $2.78-bn China JV
cJaguar Land Rover (JLR), controlled by India’s Tata Motors Ltd, and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people with direct knowledge of the deal told Reuters.
The deal marks JLR’s latest effort to expand its appeal in the world's largest auto market where luxury sedans and SUVs remain in hot demand,
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