Jaguar Land Rover reports record £3.6bn loss

Jaguar Land Rover reports record £3.6bn lossBritain’s largest carmaker hit by weak Chinese market and falling diesel salesJaguar Land Rover suffered the largest loss in its history last year, sinking £3.6bn into the red as it wrestled with a weak Chinese market, falling diesel sales and a one-off downward revision to the value of its business.Britain’s largest carmaker, owned by India’s Tata Motors, pointed to a return to profitability in the fourth quarter of the year, when it recorded a £120m pretax profit. Continue reading…https://clck.ru/G6DyZ#Jaguar_Land_Rover #Automotive_industry #Business #UK_news

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