Jaguar Land Rover posts £3.4bn quarterly loss
Jaguar Land Rover posted a £3.4bn pre-tax loss for the last three months of 2018 as it continues to battle Brexit uncertainty and slowing demand in China.
The company reported revenues of £6.2bn and a pre-tax loss before exceptional items of £273m (EBIT margin -2.6%) for the three months to the end of December.
Around 4,000 staff are directly employed at JLR's Halewood plant on Merseyside, and a small team work in a software, IT and engineering centre in Manchester's Neo Building.
JLR said that the automotive industry is f... 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...