Carmaker Jaguar Land Rover (JLR) is reducing output at the Solihull and Halewood factories, due to ongoing problems obtaining enough computer chips for new vehicles.
Until the spring, JLR will focus on more profitable models such as the Range Rover. However, Jaguar F-Pace and Land Rover Discovery Sport are expected to be affected.
Figures from the Society of Motor Manufacturers and Traders (SMMT) stated that UK car production still remains well below levels seen before the pandemic, despite an increase in October.
In the wake of the Covid Pandemic, supplies from East Asia have been heavily disrupted and carmakers have faced intense competition for available supplies from other industries, leaving customers for $100,000 Range Rovers waiting more than a year for their vehicles, with sales suspended for some variants.
JLR is a subsidiary of Indian owner Tata since 2008, currently looking to fill the new chief executive role for the business.
European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump's tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds.
Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.
U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.