UK: JLR pre-tax profits up 20%
Jaguar Land Rover Automotive plc (JLR) has posted a pre-tax profit of GBP404m (US$627m) for the third quarter taking profit for the nine months to the end of December to GBP1.2bn, an increase of 20% over the same period a year earlier.
The third quarter results reflect a 14% increase in retail sales volumes at 88,658 vehicles.
Third quarter revenues were GBP3.8bn taking nine-month revenues to GBP10.7bn, an increase of £1.4bn. Revenue in the 2012 financial year was GBP13.5bn and pre-tax profit was GBP1.5bn.
JLR’s chief financial officer Ken Gregor described the results as “solid, supported by the continued success of the Range Rover Evoque, launch of the all-new Range Rover and further growth in China and other markets."
Jaguar Land Rover has proved itself to be a strong and stable business in spite of the economic downturn, with good sales results in both developing and developed markets. Despite some difficult years...
The battle over air conditioning refrigerant between Mercedes-Benz and France (more or less repping the EU) continued this week with neither side showing signs of backing down....
LMC Automotive's service provides customers with the very latest monthly estimates of passenger car production across all of Europe. Updated monthly and provided model-by-model, and available only via...
- ANALYSIS: Hyundai axes Veloster, goes after Toyota
- Review of 2014 (1)
- ANALYSIS: Future models for North America - Part 2
- ANALYSIS: Future models for North America - Part 1
- THE WEEK THAT WAS: Bleak Christmas ahead for some
- Ford union to block "even a screwdriver" at Genk
- JLR research removes blind spots
- Genk mayor organises "loudest shift" as Ford exits
- NHTSA lists Ford, Jaguar and Porsche recalls
- Bye, Chrysler, hello FCA US