Jaguar Land Rover reports record £3.6bn loss

Britain’s largest carmaker hit by weak Chinese market and falling diesel sales

Jaguar 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.

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From our friends over at the : Business | The Guardian

 

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