Jaguar Land Rover's quarterly sales declined by over 10%, with sales dropping from 97,755 units to 87,286 units year-on-year. The decrease is attributed to stalled US shipments resulting from tariffs imposed by the US President. Chief Executive Adrian Mardell acknowledged the challenges posed by an evolving global trading environment but expressed confidence in the company's ability to adapt. Mardell emphasized that the commitment of staff, partners, clients, and the appeal of their luxury brands would support their performance amid these global economic challenges.
Jaguar Land Rover's quarterly sales fell by more than 10%, with total units sold decreasing from 97,755 to 87,286 compared to the same period last year.
US President's tariffs have stalled shipments, particularly affecting major car manufacturers including Jaguar Land Rover.
Chief Executive Adrian Mardell stated that despite the challenges, the commitment of their people and the appeal of their luxury brands will support their performance.
Mardell referred to the 'evolving global trading environment' as a significant factor influencing the company's current sales performance.
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