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Tag: Jaguar

'No-deal' Brexit could cost £60m a day, Jaguar boss warns

'No-deal' Brexit could cost £60m a day, Jaguar boss warns

Business
The chief executive of Jaguar Land Rover has warned that supply bottlenecks resulting from a "no-deal" Brexit could bring to a halt to production at the company's UK car plants. Ralf Speth said that, with JLR producing 3,000 cars daily and relying heavily on "just-in-time" supply chains where parts are delivered shortly before they are used, he would be "very, very concerned" if there were blockages in the supply of parts.He told Sky News: "Just one part missing could mean stopping production at a cost of £60m a day. That is a huge risk."We depend on free, frictionless, seamless logistics."Dr Speth also repeated his warning, made in early July, that a hard Brexit would cost Jaguar Land Rover, the biggest private sector employer in the West Midlands, £1.2bn.He warn...
No-deal Brexit threatens Jaguar Land Rover UK future

No-deal Brexit threatens Jaguar Land Rover UK future

Business
UK plants and at least 40,000 jobs are at risk if the country leaves the European Union without a free trade deal, Britain's biggest carmaker has warned. Jaguar Land Rover (JLR) has told the government that, while its "heart and soul" are in the UK, a bad Brexit could force a re-think, with a "no-deal" scenario forcing it out of the UK because of an expected £1.2bn surge in tariff costs.JLR exports 80% of its cars worth £18bn annually.Dr Ralf Speth, chief executive of JLR, said: "We, and our partners in the supply chain, face an unpredictable future if the Brexit negotiations do not maintain free and frictionless trade with the EU and unrestricted access to the single market."We urgently need greater certainty to continue to invest heavily in the UK and safeguard ...
Jaguar Land Rover 'to cut 1,000 jobs'

Jaguar Land Rover 'to cut 1,000 jobs'

Business
Jaguar Land Rover is to shed 1,000 jobs and cut production at two sites, according to reports.The carmaker said it would make an announcement to employees on Monday regarding its production plans for 2018/19.It added: "In light of the continuing headwinds impacting the car industry, we are making some adjustments to our production schedules and the level of agency staff."We are however continuing to recruit large numbers of highly skilled engineers, graduates and apprentices as we over-proportionally invest in new products and technologies."We also remain committed to our UK plants in which we have invested more than £4bn since 2010 to future-proof manufacturing technologies to deliver new models."Production will be cut at the Castle Bromwich and Solihull sites, with affected staff based a
Waymo to buy 20,000 Jaguar electric cars

Waymo to buy 20,000 Jaguar electric cars

Technology
Self-driving car company Waymo is to buy up to 20,000 Jaguar electric vehicles as part of its plans to launch a robotic ride-hailing service.The announcement by the business, which is owned by Google parent company Alphabet, expands on a fleet of self-driving cars it has been building with Fiat Chrysler since 2015.Jaguar Land Rover (JLR) will deliver the I-PACE models from 2020 to 2022, with the aim of providing up to one million rides per day.Financial terms of the deal were not disclosed but at a starting price of about $ 70,000 for the I-PACE, a fleet of 20,000 vehicles would be worth $ 1.4bn (£990m).Waymo has been working on self-driving cars since 2009 and currently tests its self-driving system on Chrysler Pacific minivans.It plans to launch a ride service in Phoenix, Arizona, in the