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Jaguar Land Rover finally posts a profit

· May 22, 2019 ·

All is not good for the British firm though. There's finally some good financial news to report regarding Jaguar Land Rover . The beleaguered British manufacturer has just turned its first profit in a year. It had a net income of £119 million in the first quarter of this year, with its pre-tax profit being £269 million. However, for the last full financial year as a whole, Jaguar Land Rover posted a loss of £3.6 billion. More on Jaguar Land Rover No, PSA is not buying Jaguar Land Rover from Tata Motors Jaguar Land Rover looking to the US for positivity amid struggles After a raft of cost cutting measures and an anticipated increase in Chinese demand, Jaguar Land Rover owner Tata expects the business to return to profitability by the end of the current financial year However, that increase in Chinese demand hasn't been achieved yet, with sales in the country dropping by 46 percent last month, raising questions over whether Jaguar Land Rover would … [Read more...] about Jaguar Land Rover finally posts a profit

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