Jaguar Land Rover DHL to lay off 2,200 workers on JLR contract as calls grow for UK government support package for car industry Range Rovers in production at the Jaguar Land Rover plant at Solihull, West Midlands Photograph: David Jones/PA Thousands more UK workers involved in making Jaguar Land Rover vehicles are set to lose… Continue reading Thousands of Jaguar Land Rover logistics workers to lose jobs
Author: The Guardian Online News
Aston Martin seeks £245m in equity and debt after sales slump
Aston Martin UK luxury car firm hit hard by coronavirus pandemic but 90% of dealerships now reopened Coronavirus – latest updates See all our coronavirus coverage Aston Martin hopes to raise £190m from investors and borrow about £55m. Photograph: Rebecca Naden/Reuters Aston Martin Lagonda will raise £245m in new equity and high-cost debt as the… Continue reading Aston Martin seeks £245m in equity and debt after sales slump
The US’s jaywalking laws target people of colour. They should be abolished
Opinion Black Lives Matter movement The US’s jaywalking laws target people of colour. They should be abolished Arwa Mahdawi Why should walking be a crime – especially if you’re black or Hispanic? Ninety per cent of illegal-walking tickets issued in New York in 2019 went to black and hispanic people. Photograph: David Jackson/Getty Images/iStockphoto Being… Continue reading The US’s jaywalking laws target people of colour. They should be abolished
Jaguar Land Rover to cut more than 1,000 agency staff in UK
Jaguar Land Rover Britain’s largest automotive firm lost £500m in three months as pandemic wiped out profits Coronavirus – latest updates See all our coronavirus coverage Jaguar Land Rover was on target to return to profitability after a record loss last year until the coronavirus outbreak. Photograph: Ben Stansall/AFP/Getty Jaguar Land Rover is to cut… Continue reading Jaguar Land Rover to cut more than 1,000 agency staff in UK
Lookers auditor resigns as car dealership delays results again
Automotive industry Company, which announced job cuts and closures last week, seeks replacement for Deloitte Lookers has been investigating a potential fraud within the business. Photograph: Peter Byrne/PA The car dealership Lookers will be parting company with its auditor Deloitte after the publication of the chain’s full-year results, which have been further delayed following an… Continue reading Lookers auditor resigns as car dealership delays results again
Bentley to cut nearly a quarter of its workforce
Automotive industry Carmaker hopes to cut 1,000 jobs through voluntary redundancies but warns no-deal Brexit will deepen coronavirus impact The luxury carmaker warned it could not rule out future compulsory redundancies, as the pandemic reduces demand for cars. Photograph: John Sibley/Reuters Bentley has confirmed it is seeking to make 1,000 job cuts through a voluntary… Continue reading Bentley to cut nearly a quarter of its workforce
Jaguar Land Rover borrows £560m from Chinese banks to secure cashflow
Jaguar Land Rover Carmaker ineligible for UK state support takes three-year loan to weather Covid-19 crisis Coronavirus – latest updates See all our coronavirus coverage The JLR loan will be used to secure the carmaker’s cashflow as it tries to weather the Covid-19 crisis. Photograph: Ben Stansall/AFP/Getty Images Jaguar Land Rover has borrowed 5bn yuan… Continue reading Jaguar Land Rover borrows £560m from Chinese banks to secure cashflow
Aston Martin axes 500 jobs after sales slump due to coronavirus
Aston Martin Carmaker seeks to save £28m in cost-cutting drive under new chief executive Aston Martin said despite the cost-cutting it was still on course to produce its first sports utility vehicle, the DBX, which is made in south Wales. Photograph: Aston Martin/PA The luxury carmaker Aston Martin Lagonda plans to make 500 workers redundant… Continue reading Aston Martin axes 500 jobs after sales slump due to coronavirus
Car dealer Lookers cuts 1,500 jobs and closes 12 showrooms
Job losses UK firm to axe almost one-in-five jobs to help save £50m as car sales slump during Covid-19 crisis Would-be buyers pictured at Vauxhall Lookers in Speke, Liverpool, after car showrooms reopened for the first time since lockdown. Photograph: Peter Byrne/PA The car dealership chain Lookers plans to cut 1,500 jobs and close 12… Continue reading Car dealer Lookers cuts 1,500 jobs and closes 12 showrooms
Nissan’s Sunderland plant at risk if UK leaves EU without deal
Nissan No-deal Brexit tariffs would make manufacturing in Britain unviable, says carmaker About 70% of the cars manufactured in Sunderland are sold in the EU. Photograph: Phil Noble/Reuters Nissan has said its Sunderland manufacturing plant is still under threat if the UK leaves the EU without a trade deal. Last week Nissan said the UK’s… Continue reading Nissan’s Sunderland plant at risk if UK leaves EU without deal