British luxury car-maker Jaguar Land Rover will cut 300 jobs from its Halewood plant in the north of England and stop production of its X-Type car due to the downturn in the auto industry.
Our industry has been especially badly hit by the recession and the premium sector more than others. Jaguar Land Rover's retail sales fell by 28 percent in the past 10 months, Chief Executive David Smith said in a statement.
The company is owned by India's Tata Motors (TAMO.BO).
(Reporting by John Bowker, Editing by Rhys Jones)