WE’VE enjoyed reporting on Jaguar Land Rover’s good times during its remarkable turnaround under Tata ownership: booming sales – with production rising from 241,000 cars in 2011 to 614,000 – profits soaring and the workforce rising to 44,000 globally.
So last week’s announcement of huge losses with a 6.9 per cent drop in sales resulting in a programme of £2.5billion-worth of cuts – including 4,500 job losses – was incredibly sad, if not exactly unexpected.
So what – or who – is to blame? CEO Dr Ralf Speth told us: “The automotive industry is facing unprecedented multiple external political and regulatory disruptions and technological changes simultaneously.
“Just to name a few: Brexit, China, China/US trade, CO2, diesel, diesel taxes especially in the UK, taxes and duties, WLTP and I could…
