How JLR overcame financial gloom to boom again

You are hereCar news › Business › Business vehicle manufacturing › How JLR overcame financial gloom to boom againBACK TO ALL NEWS Currently reading: How JLR overcame financial gloom to boom again How JLR overcame financial gloom to boom again British brand's turnaround has been fuelled by higher sales of its most profitable models JLR continues to forecast healthy returns up to its promised 10%+ margin by 2026 Close News by Nick Gibbs 4 mins read 12 February 2024 Follow @@nickgibbs JLR, formerly Jaguar Land Rover, is booming again after shaking off an extended period of financial gloom that started in China over five years ago and was compounded by the Covid crisis. The company reported its highest quarterly profit in six years for the three months ending December 31 and posted an nine-month profit margin of 8.3%, putting it on course to beat the 7% it promised in the dark days of 2021 it would achieve for the full 2024 financial year ending March this year. The turnaround has been fuelled by higher sales of its most profitable Range Rover, Range Rover Sport and Defender models, which the company can now build in sufficient enough quantities to generate healthy profits-before-tax (EBIT) of £1.5 To access this content please subscribe Already registered? Login 20% annual saving Regular membership £19.99 Monthly £199 Annual Get started Automatic renewal Team membership £799 Price includes a 20% discount for a team of 5 Email us See all benefits here Latest Reviews Kia EV9 View all car reviews Autocar is part of Haymarket Automotive, a division of Haymarket Media Group © Haymarket Media Group 2022 Close Privacy Notice Privacy Notice Haymarket Media Group, publishers of Autocar Business, takes your privacy seriously. Our Automotive B2B brands and partners would like to keep you updated by email, phone and SMS with information and opportunities relevant to your work. Click here if you do not wish to receive these messages. I DON'T want messages from Autocar Business, other Automotive B2B brands or from you on behalf of your trusted partners via the following channels: by email by phone by SMS by email about 3rd parties'