Economy and macroUpdated 1h ago

JLR reports a £451m quarterly loss and £530m in job-cut costs

Revenue rose to £5.9bn in the July-to-September quarter, but JLR reported a £451m loss. Separately, it recorded £530m in costs tied to 4,000 job cuts announced near the quarter’s end. The Guardian describes tough trading conditions and reports that JLR’s chief executive called for Britain and the EU to work together in the face of competition from Chinese electric-car makers.

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