By Derek Francis, Nandakumar D 2 Min Read Slideshow ( 2 images ) (Reuters) – Jaguar Land Rover said on Wednesday it would cut 2,000 jobs from its global salaried workforce, just days after announcing its luxury Jaguar brand will be entirely electric by 2025 and e-models of its entire lineup will be launched by… Continue reading Jaguar Land Rover to cut 2,000 jobs globally
Tag: Brexit
Jaguar Land Rover returns to profit in Q3 despite pandemic
Jaguar Land Rover has issued its financials for the third quarter of this financial year, revealing a pre-tax profit of £439 million from September to December 2020 despite the effects of the coronavirus pandemic and Brexit. That figure is the best third-quarter performance Jaguar Land Rover has on record, showing a £121 million improvement over… Continue reading Jaguar Land Rover returns to profit in Q3 despite pandemic
UK new car sales fall 40% in January as lockdown bites
Just over 90,000 new cars were sold in the UK in the slowest January for more than 50 years, according to industry figures released on Thursday. Sales fell 40% compared with January 2020 to 90,249, as the closure of car showrooms under lockdown compounded the economic gloom. The Society of Motor Manufacturers and Traders (SMMT)… Continue reading UK new car sales fall 40% in January as lockdown bites
Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
The Land Rover Defender has crossed a monthly run rate of 5,000 units and has an order book of over 14,000 units. Cumulatively, it means that nearly three months of sales are already accounted for. Sales of the Land Rover Defender grew 66 percent to 16,286 units quarter on quarter in Q3 FY2021. This performance was… Continue reading Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
New Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
The new Land Rover Defender has crossed a monthly run rate of 5,000 units and has an order book of over 14,000 units. Cumulatively, it means that nearly three months of sales are already accounted for. Sales of the new Land Rover Defender grew 66 percent to 16,286 units quarter on quarter. This performance was mostly… Continue reading New Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
EU car sales: COVID recovery expected to start in 2021, auto industry says
Brussels, 3 February 2021 – After a year that saw the sharpest drop ever in EU car sales due to the COVID-19 pandemic, the European Automobile Manufacturers’ Association (ACEA) forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10% compared to 2020. The fallout of COVID… Continue reading EU car sales: COVID recovery expected to start in 2021, auto industry says
Wealthy people in UK still driven to splash out on supercars
Wealthy people in the UK are buying more luxury supercars than ever before, according to Driver and Vehicle Licensing Agency figures shared with the Guardian. Almost 16,000 supercars – such as Ferrari, Bugatti, Aston Martin, Maserati and Koenigsegg models – were registered at UK addresses in the year to December 2019, according to figures released… Continue reading Wealthy people in UK still driven to splash out on supercars
Coronavirus pandemic sends UK commercial vehicle production down -15.5% in 2020
British commercial vehicle production falls -15.5% in 2020 to just 66,116 units, the lowest annual output since 1933.1 Output for overseas markets down -17.8%, while production for the UK drops -12.2%. More than half (57.3%) of all British-built CVs destined for global markets, underlying the importance of frictionless trade. UK commercial vehicle (CV) manufacturing declined… Continue reading Coronavirus pandemic sends UK commercial vehicle production down -15.5% in 2020
UK car production down -29.3% as coronavirus slams brakes on sector
UK car manufacturing output falls -29.3% in 2020 to 920,928 units, the lowest total since 1984. Production for UK and overseas markets declines -30.4% and -29.1% but more than eight in 10 cars still head abroad. Latest independent outlook forecasts car output to reach one million units in 2021, but much depends on Covid recovery,… Continue reading UK car production down -29.3% as coronavirus slams brakes on sector
UK car industry needs “significant investment”, says SMMT
It would be “really tough” and require “significant investment” for the UK to return to its recent high point of 1.7 million cars built annually. That’s according to the Society of Motor Manufacturers and Traders (SMMT) boss Mike Hawes, who announced that UK car production in 2020 fell below one million units, to 920,928, the lowest level… Continue reading UK car industry needs “significant investment”, says SMMT