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

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: IndiaChina

Topics: Positive Billion Models Rover Tata Quarter Profit Year Jaguar Business

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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Official Website: business-standard.com

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