Jaguar Land Rover’s job cuts will do little for its turnaround plans. The UK luxury unit of India’s Tata Motors Ltd. will eliminate 4,500 positions globally as part of a $3.2 billion cost-cutting program outlined in November. The savings will be relatively minor. Workforce reductions are now standard in an industry struggling to deal with rising costs from technology, pricier ...

Investors waiting for 5G to boost Xiaomi Corp.’s fortunes might as well take their money elsewhere. Founder and CEO Lei Jun told Bloomberg News that he expects the advent of next-generation wireless to energize demand for its smartphones: We are at the eve of 5G and when 5G phones start to get popular, the overall demand from China will recover. ...

The latest data on Germany’s economy is surprisingly grim. Industrial production fell sharply in November, and the country is on the brink of a technical recession. Its government should get ready to loosen fiscal policy if output doesn’t bounce back soon. November’s 1.9 percent month-on-month decline in industrial production followed a 0.8 percent drop in October. The economy’s overall output ...