“Tough month” hits JLR as takeover rumours abound
Weak market conditions in China have hurt Jaguar Land Rover sales in April 2019, as rumours of a merger with French carmakers PSA Group continue.
The company said it had seen its “best ever” sales in the US, with a strong performance in the UK. However this was offset by massive declines in key overseas markets.
Overall JLR reported that retail sales in April 2019 were down 13.3%, with 39,185 vehicles sold, compared to April 2018.
Sales in China declined 45.7% compared to the same month last year. Sales in other overseas ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...