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Nitra plant of Jaguar Land Rover underutilized due to low demand

The Nitra plant of Jaguar Land Rover (JLR) has a new CEO as of mid-February, when Russell Leslie replaced previous CEO Alexander Wortberg. JLR is in deep trouble due to weak sales in China and low demand for diesel cars. Globally, its plants are running at just 57% of capacity, while 80% is deemed a break-even point. Weak demand for the Discovery model means that the Nitra plant with annual capacity of 150,000 cars is underutilized, too. It will soon start to make the Defender model as well, but even these two models won’t drive the plant’s capacity utilization above 50% this year.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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