Massive losses have been recorded by JLR. It has reported a £3.4B quarterly loss after writing down the value of its cars and plants. Last month it announced a 10% cut in its 42,500 employees, mostly in the UK. It is the third consecutive quarterly loss after it was hit by U.S.-China trade tensions, low demand for diesel cars in Europe and Brexit concerns and some of the automaker's newest … [Read more...]
JLR want UK as global centre for EVs
Jaguar Land Rover has ambitions for the UK to become a worldwide centre of excellence for electric vehicles. Speaking the Warwick Manufacturing Group dinner Jaguar Land Rover CEO Dr Ralf Speth confirmed his vision to double the production output of the business, make Electric Vehicles in the UK and the desire to make the UK a global centre of excellence for battery research and … [Read more...]