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42 April 2018 | AutoData INVESTMENTS » JAC MOTORS Erratic trajectory of the Jac Motors factory in Brazil August 2011 Habib announces investment of US$ 600 million for the Jac Motors plant in Brazil: 100 thousand units/ year, development center and test track, generating 3.5 thousand direct jobs and 10 thousand indirect jobs. Inauguration in 2014. November 2011 Faced with an increase in the IPI for imported models announced by the federal government, Habib warns that “the plans have unfortunately changed”, because “provisional measure 7 567 does not allow us to continue with the investment plan previously announced”. December 2011 Habib says that the investment is maintained with 80% of his responsibility, as a local partner, and announces Camaçari as chosen city. He adds that the factory will be even more complete, including design center and pollution control laboratories. Inauguration in 2014 confirmed. July 2012 Habib says that the investment is suspended because of “uncertainties from the government regarding the regulation of the new automotive regime, allied to the current business environment”. November 2012 Jac Motors holds a foundation stone laying ceremony in the area that would receive the future factory in Camaçari. Habib then announces a change in its corporate structure, which becomes 66% of the SHC Group and 34% of Jac Motors. And warns that the model to be produced there is a new generation of J3, with aesthetic and technical details unique to the Brazilian market. Inauguration planned now for the end of 2014. January 2013 Grupo SHC reveals that the investment was raised by US$ 100 million, or US$ 700 million, to include light trucks in the project, giving the VUC T140 the primacy of production in the unit to the detriment of the national J3. Capacity passes to 100 thousand cars and 10 thousand trucks/year. June 2013 Jac Motors receives definitive authorization from Inovar-Auto as an investor, which allows it to import twenty thousand J2 and J3 vehicles without an increased IPI.