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00:02Jaguar Land Rover plans to cut 4,000 jobs or about 10% of its global workforce as the luxury
00:09automaker responds to competition from cheaper Chinese rivals, a cyber attack and Trump's tariffs, according to CNBC.
00:17The Tata Motors' own company is targeting about $2.3 billion in savings over the next two years and plans
00:23to lower its breakeven point to 300,000 vehicles.
00:27CEO PB Balaji said JLR will also launch five new products over the next 12 months.
00:34He said the auto industry faces technological change, intense competition and geopolitical uncertainty.
00:41Volkswagen said last week it plans to cut another 50,000 jobs as part of its restructuring.
00:47For all things money, visit Benzinga.com.
