• Nieuwsbrief

12 10 2018 03

British luxury carmaker, Jaguar Land Rover will shut down its Solihull plant for two weeks starting October 22 due to dwindling sales in China, the company’s largest market.

Sales in China declined by 46.2%, as ongoing market uncertainty resulting from import duty changes and continued trade tensions held back consumer demand. Also the slowing Chinese economy has seen car sales go down marginally in the country.

Back home, sales were down a modest 0.8% in the UK and 4.7% in Europe, which saw large industry declines of 20.5% in the UK and 31% in Germany primarily relating to the timing of new WLTP homologation rules as well as reduced diesel demand.

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