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Birmingham Post
Birmingham Post
Business
Jon Robinson

Losses slashed at Jaguar Land Rover as chip supply issues ease

Losses have been slashed at Jaguar Land Rover as its revenue grew and chip supply issues eased.

The automotive giant has posted a pre-tax loss of £64m for the year to March 31, 2023, £348m better than the previous 12 months.

For its final quarter, JLR's revenue totalled £7.1bn, up 28% compared to the prior three months and up 49% on the same period in 2022.

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