Jaguar Land Rover annual profit falls 99% after US tariffs and cyber-attack take toll

Range Rovers at the JLR plant in Solihull. Revenues fell to £22.9bn in the year to March, down more than a fifth compared with the year before. Photograph: Bloomberg/Getty Images

Jaguar Land Rover’s annual profits have slumped by more than 99% as it counted the cost of US tariffs and a cyber-attack that disrupted its factories for months.

Britain’s largest carmaker made only £14m in profit before tax and exceptional items in the year to March, down from £2.5bn the year before, according to financial results published on Thursday.