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Evening Standard

National

Holly Williams

Jaguar Land Rover sees profits almost halve after US tariff hit

Jaguar Land Rover Jaguar United States Adrian Mardell United Kingdom JLR Luxury

Jaguar Land took a hit a hit from US trade tariffs (Jaguar Land Rover/PA) - (PA Media)

Luxury carmaker Jaguar Land Rover (JLR) has seen profits nearly halve after a slump in sales and a hit from US trade tariffs.

The group reported a 49.4% plunge in underlying pre-tax profits to £351 million in its first quarter to the end of June.

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