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Jaguar Land Rover Slashing Costs, Targeting 1 Mil Sales

JLR planning to take a great “Leap.”

by on Nov.09, 2015

One giant leap...for JLR?

Jaguar Land Rover wants to slash nearly $7 billion in expenses even as it launches more products aimed at doubling its global sales by the end of the decade.

The project has been dubbed “Leap 4.5,” a nod to the “Leaper,” the familiar feline logo of the Jaguar side of the company. The 4.5 refers to the 4.5 billion pounds in cost savings targeted by the Indian-owned automaker. That works out to about $6.8 billion at current exchange rates.

The Full Story!

The plan does not call for any job cuts, according to a report in London’s Sunday Times, but it would see a slowdown in the aggressive hiring program of recent years. No cuts are planned for JLR’s capital spending budget, either.

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