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British car manufacturer Jaguar Land Rover plans to cut about 5,000 employees next year, the Financial Times reports, noting that the company, which belongs to the Indian Tata Motors group, will publish the corresponding statement in early 2019. In the third quarter of this year, Jaguar Land Rover suffered a loss of 90 million pounds sterling and announced a program to reduce costs by 2.5 billion pounds. Thus, the planned dismissal of employees will be implemented under this program. The British are postponing large purchases, such as expensive cars, in connection with the upcoming Brexit. The weakening demand for Jaguar Land Rover cars is also observed in China.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
Gold traded lower earlier on Thursday in Asia but still remained above the $1,800 mark for three consecutive days. Gold futures lost 0.04% to $1,819.95 per ounce at 10:22 PM ET (3:22 AM GMT), with the yellow metal holding on to gains from ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
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