Over 1,000 temporary contractor jobs are going at JLR as the executive car maker struggles to control losses as a result of the global pandemic hitting sales and it saw a downturn of £501 Million in the first quarter of the year. It has raised its cost cutting target by £1 Billion as it seeks to save £5 Billion by March including slashing capital spending by £500 Million. There were more … [Read more...]
Bentley cut jobs and JLR get massive Chinese loan
Bentley is cutting about 1,000 jobs, a quarter of its workforce at Crewe, due to a fall in sales for the 101 year old company. It had increased sales last year by 5% to 11,000 models but the pandemic fallout hit them hard and now it’s preparing to offer voluntary redundancy to many before making redundancies. Jaguar Land Rover has entered into agreements with lenders in China for a secured term … [Read more...]
Sunday drive: On the road & in the news 30 May
Although the lockdown measures are easing it will take time for the wheels of society to return to something like normal life, writes David Miles. But from tomorrow, after the bank holiday week, English schools for certain age groups will open where they can and more employees should be returning to work and that includes the motoring industry. So hopefully it won’t be too long before we get back … [Read more...]
Newslines 26 May
British Finance Minister Rishi Sunak will rescue companies seen as strategically important on a “last resort” basis after other options run out. The Treasury told Reuters late on Sunday it may try to save those companies whose failure will “disproportionately harm the economy” and that could include Jaguar Land Rover which has been reported as seeking massive assistance to offset losses due to … [Read more...]
Newslines 22 May
Jaguar Land Rover’s Special Vehicle Operations division sold more than 9,500 high-performance models last year, up 64% on the year before, despite the virus pandemic impacting sales. Extremely strong demand for all seven SV vehicles has driven this growth along with an expansion to 100 SV specialist dealers around the world. Shadow Transport Minister for Wales has questioned how Welsh … [Read more...]
Sunday drive: On the road & in the news 10 May
I’m still keeping calm and carrying on sifting through the latest automotive news items and press releases pinging into my Inbox, writes David Miles. Whilst the COVIC-19 news is not good there are some brighter worthwhile snippets of information worth passing on. New life goes on - Toyota Corolla proves reliant for Robins We motoring journalists during the lockdown period are without test cars … [Read more...]
Newslines 27 April
Russell George AM, the Shadow Minister for Transport, has called on the Welsh Government to provide support to Holyhead Port during the Covid-19 pandemic. While some freight services continue between Wales and Ireland, the reduction in the number of passenger services has led to calls for Welsh Government financial support to fill the gap between a reduced income and the running costs of … [Read more...]
Newslines 20 April
Aston Martin is extending by a week production stoppages at its St Athan DBX plant until 27 April. Production will be suspended from today when it planned to restart because of the current global and local position concerning suppliers and employees, Aston Martin confirmed and Britain's biggest automaker, Jaguar Land Rover, has not set a date for restarting while Nissan said that the production … [Read more...]
Ford Bridgend Engine Plant still working – for now
Ford Bridgend Engine Plant will continue producing contracted petrol V6 and V8 units for Jaguar Land Rover for as long as it can, the company has told media. JLR said it had enough parts in stock to build cars until the end of this week at least, possibly longer. It also uses petrol and diesel engines from its own plant in the West Midlands. Nissan has announced today it is suspending … [Read more...]
JLR axing 500 posts in Halewood
Jaguar Land Rover is cutting 500 places at its Halewood, Merseyside plant making Evoque and Discovery Sport models. The reduction comes after it decided to move from three shift working to a ‘two-plus’ system next April and it hopes to make the cut through natural wastage and not enforced redundancies after falling demand in the sectors. Today the company announced the leasing of 700 electric … [Read more...]
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