The Guardian Australia – Business
·business
·1 hour ago
Jaguar Land Rover profit plummets 99% amid US tariffs and cyber-attack disruption
Jaguar Land Rover's annual profit plummeted 99% to £14 million as US tariffs and a cyber-attack disrupted operations through autumn. Revenue fell over 20% to £22.9 billion, compounded by weak Chinese market demand. Chief executive PB Balaji said the carmaker recovered in the fourth quarter and plans to launch the Range Rover Electric and new Jaguar EV by March 2027.
Summary by Glance · The Guardian Australia – Business
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