• Wednesday, August 10, 2022

Business

UK’s Jaguar Land Rover to Close Solihull Plant for Two Weeks Amid Sales Slump, Trade War

The plant will close for two weeks from October 22. (Photo: Craig Barritt/Getty Images for Jaguar Land Rover).

By: Radhakrishna N S

Britain’s biggest carmaker Jaguar Land Rover will close its Solihull plant for two weeks later this month after it reported nearly 50 per cent fall in sales to China as import duties and a trade war with the United States hurt demand. China’s automobile sales have been falling in recent months, with a slowing economy and trade frictions making consumers cautious about spending, an industry body said last month. “As part of the company’s continued strategy for profitable growth, Jaguar Land Rover is focused on achieving operational efficiencies and will align supply to reflect fluctuating demand globally as required,” a spokesman…

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