Hardly the best 'good news' story on just-auto this week, but our report Tata-owned Jaguar Land Rover (JLR) was planning to reduce its manufacturing capacity by a quarter over a five-year period to 2027, as part of its latest strategic plan under new CEO Thierry Bollore, was the most-read article. I'm not surprised. We're UK-based and I hold there is a lot of underlying industry and public support for 'home team' players (and big local employers) like JLR, and its domestic manufacturing rivals, especially as we strike out anew into uncharted post-Brexit waters after years yoked to the EU. The premium carmaker also said in a presentation to investors it had reduced its breakeven point from c.600,000 units pa to c.400,000 units, helped by some GBP6bn of cash and profit improvements under 'project charge'. And there was even some good news: the automaker also reported an 'encouraging turnaround' in China, despite COVID-19, and said there had been a significant improvement in business and quality of sales there. That's steering the right course. Under the 'reimagine' strategy, the company is aiming for investment at GBP2.5bn a year and positive cashflow from FY2022/23. By FY2025/26 JLR is targeting an EBIT margin of over 10% compared with around 4% (underlying) in this fiscal year. Best of British, JLR.