Jaguar and Land Rover may have to cut more jobs in response to falling car sales, according to the head of the Jaguar brand, report John Reed and Bernard Simon. "We're looking very hard at our cost base," Mike O'Driscoll, Jaguar's managing director, told the Financial Times yesterday as the carmaker unveiled high-performance versions of its XF and XK models at the Detroit auto show.

"Clearly we have to make sure our business structure reflects the current market realities. That may well result in more job losses."