BMW Shenyang plant cuts 2,000 jobs as Chinese EV rivalry hits foreign automakers
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Jaguar Land Rover reported a £451m quarterly loss driven by £530m in restructuring costs from cutting 4,000 jobs, despite revenue rising to £5.9bn. The CEO's call for EU-UK cooperation against Chinese EV competition signals intensifying competitive pressure on legacy automakers. The loss reflects structural challenges in the EV transition and may weigh on UK manufacturing sentiment.
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