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JLR Swings to profit after output of new range rover model doubles

Business Standard LogoBusiness Standard3d ago

JLR Swings to profit after output of new range rover model doubles - Business Standard

Quick Summary:

Wholesale volumes in China were hit by Covid restrictions — which have since been lifted — falling 13% from the previous quarter, with the situation expected to improve.

The cost-cutting program is on track to deliver more than £1 billion in improvements in the year to help soften inflation.

Overall, JLR’s wholesales in the third quarter jumped 15% from a year earlier to 79,591 vehicles.


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Article Details

Author / Journalist: Ragini Saxena | Bloomberg

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 20:10:00 (3 days ago)

News Timezone: GMT +5:00

Ranking: #1616 (out of 4866 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 4778612

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 97 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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