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Birmingham Post
Birmingham Post
Business
Jon Robinson

Jaguar Land Rover cuts losses thanks to two Range Rover models boosting sales

Jaguar Land Rover has said the production ramp up of two models helped sales rise and cut its pre-tax losses during its latest financial period.

The automotive giant, which has UK bases across the North West and Midlands, said the new Range Rover and Range Rover Sport helped its revenue rise 36% to £5.3bn in the three months to September 30, 2022, compared the same period in 2021.

JLR also confirmed its pre-tax losses were cut from £302m to £173m.

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