Oct 25, 2019

Jaguar Land Rover gets China sales boost

PA Jaguar Land Rover has reported a quarterly profit after seeing a big boost to sales in China. JLR said the popularity of new models helped to lift the results, with global sales of the new Range Rover Evoque up by more than 50%. The strong performance from JLR helped its owner - India's Tata Motors - to report a smaller than expected loss for the quarter. Tata's loss for the quarter narrowed to 2.17bn rupees from 10.49bn rupees a year earlier. In January, JLR confirmed 4,500 job cuts, with the substantial majority coming from its 40,000 strong UK workforce. Announcing the results, JLR chief executive Sir Ralf Speth said it was "Encouraging to see the impact of our Project Charge transformation programme and our improvement initiatives in the China market start to come through in our results".

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