🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Jaguar Land Rover to restart some European output from mid-May

Published 23/04/2020, 14:17
© Reuters. Jaguar Land Rover unveils new Jaguar F-Type model during its world premiere in Munich
TAMO
-

LONDON (Reuters) - Jaguar Land Rover (JLR) (NS:TAMO) will restart some production in Europe from May 18, including at one of its three British car plants and its factory in Slovakia, where the new Defender vehicle is being made.

Automakers are beginning to set out plans to resume output as the continent tries to return to normal in the face of the coronavirus pandemic.

Output will also resume at JLR's central English engine factory in Wolverhampton and at a plant in Austria where the electric I-Pace is built but no date has been set for the reopening of its British Halewood or Castle Bromwich locations.

"As countries are relaxing distancing guidelines and retailers are reopening around the world, the restart of production at our other plants will be confirmed in due course," the firm said in a statement.

"We will adopt strict social distancing measures across our business and are currently evaluating a number of different measures to ensure we protect and reassure our workforce when they begin to return to work."

In China, its joint-venture factory has been operating since the middle of February and the firm said it was seeing some positive signs in terms of demand.

© Reuters. Jaguar Land Rover unveils new Jaguar F-Type model during its world premiere in Munich

"We are beginning to see recovery in vehicle sales and customers are returning to our showrooms," it added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.