Jump to content
  • Welcome Guest!

    Founded in 2001, CheersandGears.com is one of the oldest continuously running automotive enthusiast communities on the net. 

    Sign up is free and easy, come join the fun!

  • William Maley
    William Maley
    Sign in to follow this  

    Rumorpile: Jaguar Land Rover Plan To Cut $6.8 Billion In Costs By 2020

      Slowdown In Car Sales In China Means Cost Cuts for Jaguar Land Rover

    Jaguar Land Rover is readying a new plan that will see them cut 4.5 billion pounds (about $6.8 billion) in costs by 2020. According to Reuters, the plan dubbed Leap 4.5 will see the British automaker consolidate models to a small number of core platforms, overhauling the supply chain, and slow down/stop recruiting new people to the company. At the current time, there are no plans to layoff people.


    Why is Jaguar Land Rover putting forth this program? It comes down to the automaker's fastest growing market, China. Sales in the second quarter of this year dropped 32 percent due to a number of economic issues in the country, which has affected the demand for new cars.


    Source: Reuters

    Sign in to follow this  

    User Feedback

    Recommended Comments

    Your content will need to be approved by a moderator

    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets