Jaguar Land Rover Profits Plunge Amid US Tariffs and Sales Slump

JLR holds guidance despite earnings hit from tariffs and EV shift

Jaguar Land Rover (JLR) reaffirmed its full-year guidance despite a steep drop in fiscal first-quarter revenue and profit caused by U.S. tariffs, the transition of the Jaguar brand to all-electric, and unfavorable currency movements. Revenue fell 9.2% to £6.6 billion ($8.87 billion), while profit after tax plunged 51% to £248 million. The automaker temporarily suspended shipments to the U.S. in April after the country imposed a 25% tariff, in ad…

US trade tariffs halve profits at Jaguar Land Rover

Jaguar Land Rover profits took a hit in the three months to 30 June because of the application US tariffs on UK produced cars. Profit before tax and exceptional items was £351m, down 49.4% YoY while turnover was down 9.2% to £6.6bn. JLR said wholesale volumes and revenues in the quarter were impacted by the application of 27.5% US trade tariffs on UK‑ and EU‑produced cars exported to the US. The results were also impacted by the planned wind dow…

Jaguar Land Rover profits plunge amid US tariffs and sales slump

Jaguar Land Rover (JLR) has reported a sharp 49% drop in quarterly profits, blaming US tariffs and weakening sales for the decline.