Jaguar Land Rover clear they regard UK as home -PM May's spokesman
LONDON, Jan 10 (Reuters) - Jaguar Land Rover (JLR) has made clear they regard Britain as home and are investing in
the future, Prime Minister Theresa May's spokesman said on
JLR, Britain's biggest carmaker, is set to announce
"substantial" job cuts in the thousands, a source told Reuters,
as the company faces double-digit drops in demand in China and a
slump in sales for diesel cars in Europe. "JLR have been very clear that they regard the UK as home
and are investing in the future to develop the next generation
of vehicles. We will continue to work closely with the company
to support their long-term plans," the spokesman said, noting
that there had been no official announcment on job cuts yet.
(Reporting by William James, Writing by Kylie MacLellan;
editing by Stephen Addison)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.