January 10, 2019 / 11:43 AM / 5 months ago

Jaguar Land Rover clear they regard UK as home - May's spokesman

FILE PHOTO: Workers set up the booth for British car manufacturer Jaguar Land Rover's Jaguar brand inside the National Exhibition and Convention Center, the venue for the upcoming China International Import Expo (CIIE), in Shanghai, China October 28, 2018. China Daily via REUTERS

LONDON (Reuters) - Jaguar Land Rover (JLR) (TAMO.NS) has made clear they regard Britain as home and are investing in the future, Prime Minister Theresa May’s spokesman said on Thursday.

JLR, Britain’s biggest carmaker, is set to announce “substantial” job cuts in the thousands, a source told Reuters, as the company faces double-digit drops in demand in China and a slump in sales for diesel cars in Europe.

“JLR have been very clear that they regard the UK as home and are investing in the future to develop the next generation of vehicles. We will continue to work closely with the company to support their long-term plans,” the spokesman said, noting that there had been no official announcement on job cuts yet.

Reporting by William James, Writing by Kylie MacLellan; editing by Stephen Addison

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