Jaguar Land Rover (JLR) has reported a significant financial achievement, announcing its highest annual profit in a decade at £2.5 billion, fueled by a strong pre-tax profit of £875 million in the last quarter. The company maintained steady revenues of £29 billion and eliminated its net debt, achieving a cash position of £278 million. Amid US trade tariff uncertainties, JLR is optimistic about its future, especially in electrification efforts, as it prepares to launch the Range Rover Electric and revives the Freelander nameplate.
Jaguar Land Rover (JLR) has achieved its highest annual profit in a decade, reporting pre-tax profits of £875 million in Q4, and total annual profits rising to £2.5 billion.
Despite uncertainties regarding US trade tariffs, JLR ended the financial year with a net cash position of £278 million, reflecting improving operating margins.
Adrian Mardell, JLR's CEO, expressed confidence about the potential positive impact of US tariffs on their strategy, reinforcing the company's optimistic outlook.
Major progress is being made on JLR's electrification strategy, with production testing for the Range Rover Electric and plans for new electric models, including an all-electric Jaguar.
#jaguar-land-rover #automotive-industry #profit-announcement #electrification-strategy #us-trade-tariffs
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