Jaguar Land Rover posts £451 million loss as it cuts 4,000 jobs
Jaguar Land Rover reported a £451 million quarterly loss after cutting 4,000 jobs amid rising competition from Chinese electric carmakers. Revenues rose to £5.9 billion from July to September, but JLR faced significant restructuring costs. CEO PB Balaji emphasized the need for collaboration between the UK and EU to withstand the surge of competition.
How does this story land?
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 13 Nov 2026, 16:22 UTC · Updated 13 Nov 2026, 16:40 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
Trending
- Melbourne Uni cuts 179 staff as it bleeds cash for fifth year
- Melbourne art teacher Alice Krause apologizes after racist car park outburst
- Six Victoria fire stations robbed, CFA reviews security amid bushfire risks
- Finnish ambassador says interest in embassy no red herring after viral posts
- Dave Grohl pays tribute to Beaconsfield miner Todd Russell amid energetic Sydney
- Hussey makes call on Australia's best batting line up