Jaguar Land Rover will reduce production at two enterprisesFebruary 8, 2020
The British company will reduce production at the Castle Bromwich and Solihull factories due to the idea of reducing costs due to falling demand.
Jaguar Land Rover is set to cut production at its Castle Bromwich and Solihull factories in the coming weeks as part of a reduction in costs associated with falling sales. Sales volumes of the British company fell by 2.3% in the last three months of 2019, although the company actually increased profit before tax.
Jaguar Land Rover has unveiled a new phase of its cost-cutting and cost-recovery program to save another £ 1.1 billion, resulting in a total cost reduction of £ 4 billion.
There is information that Jaguar Land Rover will stop collecting Jaguar XE, XF and F-Type on Castle Bromwich on certain days during a four-week period from late February to late March. The company will also stop production for half a day or full time at its plant in Solihull, where the Range Rover, Range Rover Sport, Range Rover Velar and Jaguar F-Pace are being assembled.
As the company said, the external environment continues to be complex in the industry, and the company takes decisive actions to achieve the necessary operational efficiency to ensure long-term success.
Jaguar Land Rover specifically suffered from a drop in sales of sedans and diesel models in recent years. Despite the fact that in the last three months of 2019, the company had notable successes – Range Rover Evoque sales grew by 30%, and Discovery Sport grew by 9.2%.
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