Jaguar Land Rover will suspend the car traditions she manufactures in her factory in Britain in her subsidiary in the US for about a month, the company’s management announced on Saturday, studying how the cost of customs duties will be absorbed 25% in imported vehicles and exchanges. The company, alliance of two of the most iconic British automakers, which has now passed the control of Tata Motors (India), confirmed to the Reuters News Agency the temporary suspension of its exports to the US market, which was first reported by The Times. He assured by email that this is a “short -term” measure as “medium -term and long -term plans” are drawn up. More broader, the British automaker, which is directly employed by 200,000 people (JLR some 38,000 of them) is to a key extent exposed to US customs duties. The US is the second largest market for cars it exports, absorbs almost 20%. In the first place remains […]
Source: News Beast
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