Jaguar poised to shut for the summer - Just British
Executives at Jaguar Land Rover, the Midlands carmaker, are drawing up plans for an extended shutdown of its UK plants and a new round of staff layoffs as it struggles to cope with the slump in the world car market. Preparation for the closures comes just days after the company released its new flagship, the latest version of the Jaguar XJ beloved by prime ministers and top British executives. The car was launched at a glitzy party in London’s Saatchi Gallery on Thursday, to critical acclaim. Management at the group and its owner, India’s Tata Motors, are hoping the new car, which goes on sale in Britain early next year, will breathe some life into sales that have been struggling since last autumn. Last month Tata Motors revealed that mounting losses at the UK carmaker had pushed it into its [...]