JLR reports £156m Q2 profit
Profitability returned with an 8% revenue rise. JLR secured £725m in new loans and launched the Defender.
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British multinational luxury automotive manufacturer
jlr.comLast updated
In short: JLR's Q2 wholesales rose 24% as Range Rover Electric launched amid 4,000 job cuts
Profitability returned with an 8% revenue rise. JLR secured £725m in new loans and launched the Defender.
Volumes dropped 11.6% due to Brexit and China weakness. Warranty costs rose, but cash flow improved significantly.
FY20 loss before exceptions was £393m due to COVID. Retail volumes fell 12%. Cash flow improved significantly despite the pandemic impact.
Wholesales reached 82,400 units in Q2 FY27. Range Rover, Defender, and Discovery comprised 77.6% of sales. Retail volumes totaled 79,000 units.
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