Jaguar Land Rover sinks to £3.6bn loss while CFO announces departure
Jaguar Land Rover has sunk to a £3.6bn annual loss as it continued to face slowing sales in China and launched a costly turnaround plan while also announcing today that its chief financial officer is to step down next month.
The news that Ken Gregor is departing after 22 years with the business and will be replaced by Adrian Mardell, chief transformation officer, comes as the car manufacturer was hit by a £3.1bn write down in the third quarter, to cover falling demand for newer models and for diesel-powered cars.
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