Drive Wire: Jaguar Plans to Cut $7 Billion in 2016
In sad news for the Brits, the economic slowdown in China has Jaguar Land Rover planning to cut costs by nearly 7 billion next year. The company says it plans to maintain productions levels, but some employees are understandably worried about potential job cuts. Jaguar will be relying on increased platform and component sharing in order to be more cost-effective in the future. The company has made a remarkable recovery over the last decade, and showed a $4 billion profit last year. We’re curious to see what Jaguar has up its sleeve.