JLR posts £451m quarterly loss on £530m job-cut costs; CEO urges EU-UK EV alliance vs China
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BMW Brilliance, BMW's 75%-owned joint venture in Shenyang, began layoffs of 1,800-2,000 workers on November 2, its largest production hub globally. The cuts reflect intensifying competition from Chinese EV makers and mark a notable reversal for a major foreign automaker in China's rust belt. The move signals growing pressure on legacy automakers' China operations and potential broader industrial impact.
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