Jaguar Land Rover hits pause on shipments to US – The Times of India


UK automaker Jaguar Land Rover is pausing shipments of its cars to the US following the introduction of tariffs by Donald Trump’s govt. The Coventry, England-headquartered company is putting these exports on hold this month as it looks at ways to address the new trading terms, a spokesperson said on Saturday.
The US govt introduced a 25% tariff on imported cars, which went into effect on Thursday. “The USA is an important market for JLR‘s luxury brands,” the spokesperson said in an emailed statement.
The Times was the first to report the shipment pause.
Jaguar Land Rover sold 430,000 vehicles in the 12 months up to March 2024, of which almost a quarter were in North America, according to its annual report. bloomberg





Source link

support@headlinenews360.com

Related Posts

If you are 40, then be careful! The biggest threat to unemployment is on you, who warned you?

corporate cost cutting: Bombay Shaving Company CEO Shantanu Deshpande said that 40 years of age employees are more affected during large scale retrenchment, as they usually earn the most salary.…

Gold again jumped, price of 10 grams of gold beyond 94 thousand on MCX

Gold Prices Today: Gold in the domestic futures market reached a new record high level of Rs 94,573 per 10 grams in the domestic futures market on Wednesday morning due…

Leave a Reply

Your email address will not be published. Required fields are marked *