Jaguar to Cut its Output Due to Brexit

Britain’s largest car manufacturer, Jaguar Land Rover, will be cutting its production at the company’s Halewood plant, blaming its faltering sales after the Brexit vote and a tax crackdown on diesel automobiles.

Jaguar Land Rover Signage Outside
JLR will be cutting its output at its Halewood plant.

In 2017, the sales in Britain and Europe were flat and the firm stated that it expects hard conditions to continue, according to the sales director of the company.

In a statement, Jaguar Land Rover stated that it was planning production cuts at its Halewood plant, in Liverpool, which builds Range Rover models and employs 6,000 people.

The automaker also added that the cuts would take place in the second quarter of 2018.

“Ongoing uncertainty surrounding Brexit is being felt by customers at home and in Europe,” the company stated on Monday. “Concern around the future of petrol and diesel engines – and general global economic and political uncertainty – and it’s clear to see why the industry is seeing an impact on car sales.”

“Following a review of planned volumes, we are planning to make some temporary adjustments to the production schedule at Halewood in Q2,” added the automaker.

Britain will raise the amount of vehicle excise duty paid by almost everyone who are buying a new diesel car from April, which will likely hit the Britain’s biggest car manufacturer, for whom diesel accounts for around 90 percent of sales.

Last year, the new British car registrations across the sector recorded their biggest fall since 2009, with an industry body accusing the diesel tax and weakening consumer confidence in the wake of Britain’s vote to leave the European Union.

2019 Jaguar XJ

Jaguar is planning to take on its battery-powered sedan rivals with an upcoming electrified version of its XJ flagship, which will be revealed late 2018 on the 50th anniversary of the car manufacturer.

According to a report, the electric XJ will be available in 2019 and will compete with the Model S of Tesla and hybrid Porsche Panamera.

The EV technology in the approaching XJ will be largely borrowed from the I-Pace crossover SUV that the Britain’s largest automaker will start selling this March.

The I-Pace will use a 90-kilowatt-hour lithium-ion battery to drive a 400-horsepower twin-motor system.

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Jaguar to Cut its Output Due to Brexit Jaguar to Cut its Output Due to Brexit Reviewed by Trade12 Reviews on 3:00 AM Rating: 5

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