Business
Chinese carbuyers help Jaguar Land Rover outpace UK lockdowns – The Guardian
Pretax profits of £439m for last three months of 2020, despite fall in UK production
Jaguar Land Rover staged a recovery in the final three months of 2020, as the growth of car sales in China made up for the UKs continued lockdowns and its setting aside of £35m to pay fines for missing carbon dioxide emissions targets.
The carmaker made pre-tax profits of £439m in the last quarter of the year, £121m higher than in 2019, JLR said on Friday. Revenues recovered to £6bn, £1.6bn more than the July-to-September period, although still lower than at the same point the year before.
JLR lost…
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