Dr Ralf Speth, Jaguar Land Rover's CEO, described today's moves as "taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry".
In the United Kingdom, "continuing uncertainty related to Brexit" was blamed. "We have great belief in the potential of JLR's distinctive premium products and brands as well as in JLR's design and engineering capabilities", Tata Motors Chairman, N. Chandrasekaran said in late December.
Electric cars such as the Jaguar i-Pace (above) aren't cheap to produce, and JLR is grappling with an global footprint to ensure it's building its growing range of vehicles in territories where it makes sense, near customers and where the business case is strongest.
'Segregated' classroom photo sparks race row in South Africa
These three examples show a trend more than coincidence. "We saw the photo and we were also angered by what we saw", he said. In the other pictures , children of different races can be seen interacting with different pupils in different seats.
New all-electric vehicles will be offered for all Ford models, while there will be a more "targeted" line up of models in the future.
"This is not about making the business today more efficient but completely redesigning it", Ford's European president, Steve Armstrong, told the Financial Times. The company said it would start a voluntary buyout program and implement a flatter management system as it increases investment in areas such as electrification. In September, Jaguar Land Rover boss Speth warned that the wrong Brexit deal could cost tens of thousands of vehicle jobs and risks production at the firm.
"Britain's vehicle workers have been caught in the crosshairs of the Government's botched handling of Brexit, mounting economic uncertainty and ministers' demonisation of diesel, which along with the threat of a no-deal Brexit, is damaging consumer confidence". Its new Slovakian factory has a capacity of 150,000.
IRS will pay refunds during government shutdown, official says
Committee staff said Monday they were struggling to get clarity from administration officials, many of whom are out on furlough. But committee lawyers believe the law prohibits such a move, because refunds are paid out of the government's general fund.
Rare penny found in 1947 could be worth more than $1 million
The young coin collector made a decision to keep the cent in his collection for more than 70 years, until he died in September. One penny, in particular, is now dubbed the " most famous error coin" by Heritage Auctions, who is auctioning the penny.