The Luxury Car Industry's Looming Crisis The recent announcement by Jaguar Land Rover (JLR) to lay off thousands of workers as part of a £2.
3 billion cost saving overhaul has sent shockwaves through the luxury car industry. This move is not an isolated incident, but rather the latest symptom of a more profound crisis plaguing the sector.
The company faces intense competition from cheaper Chinese rivals and has been hit by tariffs imposed by U. S. President Donald Trump as well as a cyberattack that disrupted production last year.