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UK rules out JLR bailout as carmaker plans 4,000 job cuts amid tariff, China pressure
Guardian WorldLO·GB · US · CN·3 days ago
Italian Minister Adolfo Urso met Ducati CEO Claudio Domenicali and pledged government protection for the motorcycle maker as parent Volkswagen approves an adjustment plan with job cuts, partly due to weak Chinese demand. The intervention signals political pressure on a flagship 'Made in Italy' brand, though concrete measures remain unspecified. This is a domestic political response to a corporate restructuring, with limited direct market impact.