Jaguar Land Rover

Jaguar Land Rover posts biggest quarterly loss of £3.4bn | Business – Business Article

Jaguar Land Rover announced its biggest quarterly loss on Thursday after it was forced to take a £3.1bn write-down on the value of its investments as Chinese demand slumped. Britain’s largest car manufacturer, which is owned by India’s Tata Group, made a £3.4bn pre-tax loss in the last three months of 2018 as sales fell. It anticipates a loss for the financial year as a whole for the first time in a decade. Half of the £3.1bn non-cash charge was…

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Brexit warnings by Airbus and Siemens cannot be ignored | Business – Business Article

Empty threats, say Brexiters of the claims made by Airbus and Siemens that plans are under way across industry to slash investment budgets and possibly close factories should the UK quit the European Union’s single market and customs union on 29 March. Worse than that, Mark Francois MP, an arch Tory Brexit campaigner, says it amounts to bullying. He said Airbus’s German boss was guilty of “Teutonic arrogance”. Yet, without a deal – one that at least keeps the UK…

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