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Jaguar Land Rover begins Brexit shutdown as sales fall


JLR’s factory shutdowns began as the carmaker, which is owned by the Indian conglomerate Tata, released full-year results. JLR sold 578,915 vehicles globally in the year to March, down 5.8%. In March alone, sales fell 8.2%, mainly because of an 11.4% decline at Land Rover, while Jaguar recorded a 0.2% dip. The carmaker blamed weaker demand in China, whose economy has slowed sharply. JLR sales in China slumped 34%, while sales in Europe were down 4.5% because of uncertainty around the future of diesel vehicles, and the impact of new emissions legislation. The effects of the fuel efficiency and emissions testing procedure, called WLTP, have been felt across the industry.

The Guardian - April 8, 2019

View the full story here: https://www.theguardian.com/business/2019/apr/08/jaguar-land-rover-begins-brexit-shutdown-as-sales-fall