Jaguar Land Rover's pre-tax profits fell 10% to £398 million amid supply shortages, but first-half profits rose 25%.

Jaguar Land Rover (JLR) reported a 10% decline in pre-tax profits to £398 million for the three months ending September, impacted by aluminium supply shortages due to summer rainfall in Europe. Revenue fell 6% to £6.5 billion. Despite these challenges, JLR's first-half profits rose 25% year-on-year to £1.1 billion. The company plans to invest £500 million in electric vehicle production at its Halewood plant and expects improved production in the coming months.

November 08, 2024
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