Sales of interiors are poised to grow in China, where the company has six joint ventures and is helping up-and-comers like Chery Automobile prepare for the day when Chinese cars hit U.S. soil.

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Jaguar Land Rover agreed to form a joint venture with Chery Automobile that would manufacture and sell the U.K. auto maker's luxury vehicles in China.

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The West Midlands-based luxury carmaker agreed a "milestone" deal with Chery Automobile and will build a plant near Shanghai, which is due to open in 2015.

BBC: Jaguar Land Rover sees lower profit margins