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Home›US Markets›Equities›Jaguar Land Rover reports £451m quarterly loss after c…

Jaguar Land Rover reports £451m quarterly loss after cutting 4,000 jobs

Reported · Written up by our desk · Equities

JLR chief executive calls for EU and Britain to join forces amid competition from Chinese electric carmakers Jaguar Land Rover has reported a £451m quarterly loss as it counts the cost of cutting 4,000 jobs, while its chief executive has called for the EU and Britain to work together in the face of competition from China. Britain’s largest automotive employer reported revenues rising to £5.9bn between July and September, but it recorded £530m in costs from the job cuts announced near the end of that period amid tough trading conditions. Continue reading...

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Sources

Guardian BusinessJaguar Land Rover reports £451m quarterly loss after cutting 4,000 jobs

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