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Jaguar Land Rover Profits Plunge Amid US Tariffs and Sales Slump
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4 Articles
Jaguar Land Rover (JLR) is facing a pivotal phase. The company, which has the largest sales volume in the US of all British automakers, is particularly vulnerable to the import tariffs introduced by President Donald Trump. Once the brand exceeds the threshold of 100,000 British cars exported to the US per year, the tariffs will rise significantly. JLR is keeping quiet about how these targets will specifically impact pricing, model mix, and marke…
JLR holds guidance despite earnings hit from tariffs and EV shift
Jaguar Land Rover (JLR) reaffirmed its full-year guidance despite a steep drop in fiscal first-quarter revenue and profit caused by U.S. tariffs, the transition of the Jaguar brand to all-electric, and unfavorable currency movements. Revenue fell 9.2% to £6.6 billion ($8.87 billion), while profit after tax plunged 51% to £248 million. The automaker temporarily suspended shipments to the U.S. in April after the country imposed a 25% tariff, in ad…
US trade tariffs halve profits at Jaguar Land Rover
Jaguar Land Rover profits took a hit in the three months to 30 June because of the application US tariffs on UK produced cars. Profit before tax and exceptional items was £351m, down 49.4% YoY while turnover was down 9.2% to £6.6bn. JLR said wholesale volumes and revenues in the quarter were impacted by the application of 27.5% US trade tariffs on UK‑ and EU‑produced cars exported to the US. The results were also impacted by the planned wind dow…
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