Coronavirus is taking a toll on all sectors of the world including the car manufacturing industry globally. In the latest case, Jaguar Land Rover (JLR) has flown Manufacturing parts from China to Britain to continue the production of cars but won’t be able to continue the production as the stock is going to finish in few weeks and the flights from China are restricted due to the virus’s outbreak.
The production and sales of big companies like Apple and Samsung have already been affected by the virus earlier this year and Jaguar is the newest to join the list. Jaguar is Britain’s biggest carmaker, which has three factories in Britain and produces around 400,000 vehicles a year.
According to Sir Ralf Speth, the company had just enough parts to continue the manufacturing practices of a week in the UK and will fall short of its manufacturing goals in March which will delay the deliveries.
He said: “We have flown parts in suitcases from China to the UK.”
China is still figuring out ways to fight and eliminate the coronavirus (COVID-19) and in the process has shutdown factories and restricted movements. This had led to huge losses internationally as China is the second-largest economy of the world.
Apple acknowledged the loss it is facing due to the coronavirus outbreak earlier this week and more companies are assumed to be coming out soon.
“This is an issue for the complete car automotive industry,” said Sir Ralf.
He added, “We don’t know how long it will take before the supply chain comes on stream again in China.”
Jaguar has on several occasions criticized Brexit that because of it, production cuts are taking place and demands are curbing. And earlier in February, the company said that it had to stop production on certain select days due to multiple reasons.
https://www.theleadersglobe.com/industry/uk-jaguar-is-likely-to-struggle/
Bank of England is withdrawing the old £20 notes from circulation and are bringing new £20 polymer note for the circulation.
The bank announced that it is going to provide a six months’ notice before it withdraws the notes.It further said that there will be many banks which are going to accept deposits in withdrawn notes and the Post Office may also just accept the notes even after the deadline passes.
The old notes can always be exchanged with the Bank of England.The £20 new notes are showcasing the face of artist JMW Turner.
These notes in the market now and are already in circulation.
Winston Churchill and Jane Austin are also featured on the new £5 and £10 notes, respectively.
They are also made of a polymer which is tough to counterfeit according to Bank of England.In 2021, Alan Turning featured £50 notes will be added to the circulation and the old notes will be withdrawn smoothly and gradually.“The new £20 is an important part of our commitment to providing banknotes that people can use with confidence.
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In fact, it’s a vehicle that’s completely different from anything that the company has produced till now.
The I-Pace stands apart from the herd to such an extent that we can say – without exaggerating – that, with this new model, Jaguar hasn’t just taken the game to a new level, but also changed the rules of the game altogether.
You must be wondering just what it is that makes this crossover so remarkable.
The I-Pace is the real deal – an all-electric vehicle that has the likes of Tesla in its crosshairs.
In essence, it’s a silent assassin designed to decimate its competition – the first electric performance crossover to come out of the Jaguar stable.
In fact, it looks like a concept car, not a production model.
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