Jaguar Land Rover will make a decision “in a few weeks” whether to further reduce its spending by possibly cutting into its model range, or simply by modifying future programs, said a top executive with the firm.

JLR first wants to determine whether its global sales will rebound from the COVID-19 derived collapse, before making any more major decisions regarding its future, said PB Balaji, chief financial officer at Tata Motors (JLR parent company).

Meanwhile, JLR CFO Adrian Mardell already stated that some new model programs have been paused, although he did stress that no programs had been significantly changed or canceled, with decisions on paused programs depending on the company’s finances, reports Autonews Europe.

Related: Jaguar Land Rover To Cut 1,100 Jobs As Pandemic Hits With $500 Million Loss

“In the case of JLR, we need to wait for a few more weeks to understand this better,” said Balaji when asked on a call if JLR would have to become smaller and leaner in case sales don’t pick back up. “We don’t want to react to newspaper headlines to decide long-term strategy [because] the decision will impact us three to four years from now.”

“We will come back later in the year once we have figured out the speed of liquidity build and affordability and what that means for those programs on pause.”

The British carmaker is already in the middle of a cost-cutting program, yet the plan is to add another two models to its portfolio by 2024, which would give them a total range of 16 vehicles, including the new Defender.

Next year, the fully-electric Jaguar XJ will arrive too, as the first model on the MLA flexible drivetrain platform. However, JLR is actively reviewing the future of the Jaguar brand, as part of a project led by marketing boss Felix Braeutigam.

“It’s not an easy task. It is a very renowned brand, yet in some markets it’s not as strong as it ought to be,” added Balaji. “The team is focusing squarely on what is the brand positioning of Jaguar and how we are going to make it sharper. And how we ensure the portfolio we have is in sync with that position.”

With the exception of the I-PACE, sales of all Jaguar models dropped in the first three months of the year, with demand for the XE and XF sedans taking the biggest hit.