11 November 2004

Jaguar will continue to lose money for the next two to three years, according to company boss Joe Greenwell. The British car maker may not break even until 2007, even though it will close its Coventry plant next year with the loss of over 1100 jobs.

But Jaguar is under considerable political pressure after the unions succeeded in getting British Prime Minister Tony Blair to take an interest in the case.

The trade unions seem determined to try to reverse the decision to shut the factory, despite Jaguar’s precarious financial state. Speaking before a committee of MPs, union bosses are claiming that something near 2000 jobs are under threat, as is the future of the Whitley technical centre, something Jaguar denies.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Dallara Stradale
    The Stradale is the first road-legel car from Italian motorsport constructor Dallara
    First Drive
    16 March 2018
    The motorsport constructor's first road car is inspired by Lotus minimalism. Does it thrill on road and track?
  • Hyundai i30 N
    Standard spec is good so paint colour is our car’s only option
    First Drive
    16 March 2018
    What’s Hyundai’s first hot hatch and N-brand debutant really like? Let’s find out
  • Porsche Boxster GTS
    This is the new GTS version of the Porsche Boxster
    First Drive
    15 March 2018
    The 718-generation Boxster is our favourite roadster of the moment – so is this new GTS variant worth the extra outlay?
  • BMW 5 Series
    First Drive
    15 March 2018
    The BMW 5 Series is top of the mid-exec pack, but is there still room for a diesel saloon in everyday family life?
  • Audi A7 front
    First Drive
    14 March 2018
    The new Audi A7 Sportback looks the part, but how does the new Mercedes-Benz CLS rival cope on UK roads? We find out