Jaguar Land Rover reveals £264m loss
The chief executive of Jaguar Land Rover said the manufacturer will be "taking the necessary steps" in response to recording a quarterly pre-tax loss of £264m.
The figures, for the three months to June, were down £859m on a year earlier, albeit last year's numbers benefitted from a £437m one-off boost on paper due to technicalities around pension liabilities.
JLR blamed the impact of a planned reduction in duty in China - which delayed purchases there until after the July 1 change - and dealers reducing stock during the perio... 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...