LONDON -- Jaguar Land Rover, the UK's biggest automaker, said the "short-term" effects of Britain's decision to leave the European Union will not affect plans to build a new plant in Slovakia, the automaker's strategy director, Adrian Hallmark, said today.
"The short-term issue that Brexit presents doesn't change our overall strategy," Hallmark told reporters at a news conference in London.
"Our commitment is to our existing operations in the UK, future operations in Europe of which we have already announced the Slovakia plant which will be coming on stream in just a few years."
Reuters reported last week that major expenditure on the plant had been put on hold ahead of Thursday's referendum.
Jaguar Land Rover announced late last year that it had picked Slovakia over the UK, U.S., Mexico and Poland as the site for it's new 1 billion pound ($1.34 billion) plant.
The factory, located in Nitra, western Slovakia, will have an initial capacity of 150,000 vehicles when it starts production in 2018.
JLR has declined to say which models will be built in Slovakia, beyond saying that they will be "all-new aluminum vehicles."
Automotive News Europe contributed this report