Jaguar Land Rover And Ford To Axe Thousands Of Jobs
However, Ford鈥檚 European president, Steven Armstrong, refused to guarantee there would be no redundancies at the carmaker鈥檚 Dagenham and Bridgend engine plants. Ralf Speth, JLR鈥檚 chief executive, said the company was dealing with 鈥渕ultiple geopolitical and regulatory disruptions, as well as technology challenges鈥? although he promised a future range of British-built electric vehicles. JLR鈥檚 sales fell by 4.6% in 2018 compared to 2017, but sales in China slumped by more than a fifth, according to figures also published on Thursday. In December Chinese sales plunged by 42.4% year-on-year, amid struggles with its dealer network as well as economic and trade uncertainty. Ford鈥檚 Armstrong said a no-deal Brexit could result in further job losses in the UK, and did not rule out the closure of British plants if there were no agreement. 鈥淚f Brexit were to go in the wrong direction, we would have to have another look at what we have to do,鈥?he said.
Rapidly-expanding Jaguar Land Rover is set to sign up for a major manufacturing plant - eventually employing as many as 5,000 people - according to a high-level JLR source. He said the proposals would see next generation of Land Rover Defenders built in the Gulf kingdom and exported to the Far East and beyond. The move is part of plans to focus on building cars from aluminium - a resource Saudi Arabia is rich in. It comes as JLR continues to extend its global reach amid soaring demand in emerging nations, with a factory in China currently being built and proposals for a plant in Brazil. Speaking of the Saudi Arabia plans, the source said: 鈥淚t will go ahead. They will make the new Defenders there initially. 鈥淎luminium is readily available there and the Defender production is stopping here and will be made there. He added: 鈥淚t will initially be assembly, but they will make cars as new as it develops.
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