UKs largest carmaker to axe thousands of jobs media

Jaguar Land Rover has confirmed it plans to downsize as Britain’s biggest carmaker faces rising costs, weaker sales and pressure from US tariffs. The Times reports that up to 4,000 roles could be cut, though JLR has not specified a number. The report comes after JLR said it needs to “adapt to evolving global market conditions” and is seeking about £1.7 billion ($2.3 billion) in savings over the next two years, lowering its annual break-even point to 300,000 vehicles. JLR is launching a voluntary redundancy program for salaried and management staff, with employees reportedly informed on Friday. Financially, revenue fell nearly 10% in the quarter ending in June, while pre-tax profit dropped by more than two-thirds to £109 million ($147 million).