Jaguar Workers Facing a Three-week Lay-off - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
» Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 04-15-2003, 10:25   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Jaguar Workers Facing a Three-week Lay-off

Automobile Magazine
Daily Post - April 15, 2003

JAGUAR yesterday played down fears over the future of its X-Type model following news of a planned shutdown in production at Halewood in February.

A worldwide economic slump in orders for the vehicle, dubbed the Baby Jag, has led bosses to revise their original production target of 75,000 X-Types this year - a figure that would have matched last year's output.

It was reported yesterday that this figure may have been cut by as much as 11,000 leading to a shutdown lasting up to three weeks.

Around 3,000 people are employed at the plant and those laid off during the shutdown will be paid as usual.

But company spokesman David Crisp told the Daily Post the decision to stop production next month did not have any negative implications for the future.

He would not confirm exactly how long the shutdown would last or how much the production target would be cut by.

He said: "This decision is just a continuation of what we were doing last year - reacting to what is a very competitive market."

A new diesel model is out next year and it's believed buyers may be waiting for that to come out before parting with their cash.

Mr Crisp added: "I think its important to stress there is uncertainty in the market place and a significant shift towards diesel engine products.

"Long term we have a great deal of confidence, but we are reviewing the situation month by month."

A leading academic at the University of Liverpool said last night that he did not share the company's optimism.

Peter Stoney, a senior fellow in economics at the university's management school,said he was concerned Jaguar was struggling to compete in the luxury car market.

"When the new model was launched last year they suddenly found themselves competing with the likes of BMW and Mercedes and that concerned me greatly," he said.

"I think there is more to this decision than just a global turndown. I'm not aware of this happening at any other car manufacturers in the UK"
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
The New X-type 2.0d. A Diesel With Real Jaguar Style And Refinement RPO83 Diesel Tech 4 06-23-2003 07:00
X-Type Slumps: Jaguar creates ad campaign, lease deals to remedy sputtering sales Stacy94PGT Ford Worldwide News 0 05-12-2003 07:06
Racing E-types To Promote Jaguar Select Edition Program RPO83 Ford Worldwide News 0 04-30-2003 03:32
2004 Jaguar XJ8/XJR Stacy94PGT Ford Worldwide News 1 03-17-2003 04:34
Jaguar Release: The New XJ: The Ultimate Expression of Jaguar Luxury Sedan Engineerin Stacy94PGT Ford Worldwide News 1 09-14-2002 05:50

Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 08:16.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.