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ustarrifs
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Jaguar Land Rover's profits plunged by 99% due to Trump's tariffs and a massive cyberattack.
The British automaker earned just £14 million in profit for the year, down from £2.5 billion a year earlier.
Among the main reasons:
➡️ US tariffs on car imports.
➡️ Falling demand for luxury cars in China.
➡️ A massive cyberattack that paralyzed the company's factories and internal systems for several weeks.
Due to the problems, Jaguar Land Rover's revenue fell by more than 20% to £22.9 billion.
The company also said that it lost about £2.2 billion in cash for the year due to production shutdowns and recovery costs after the hacker attack.
Despite this, Jaguar Land Rover plans to launch a new electric Range Rover and introduce the Jaguar Type 01 electric car this year.
#Tramp #HackerAlert #USTarrifs
$BNB
The British automaker earned just £14 million in profit for the year, down from £2.5 billion a year earlier.
Among the main reasons:
➡️ US tariffs on car imports.
➡️ Falling demand for luxury cars in China.
➡️ A massive cyberattack that paralyzed the company's factories and internal systems for several weeks.
Due to the problems, Jaguar Land Rover's revenue fell by more than 20% to £22.9 billion.
The company also said that it lost about £2.2 billion in cash for the year due to production shutdowns and recovery costs after the hacker attack.
Despite this, Jaguar Land Rover plans to launch a new electric Range Rover and introduce the Jaguar Type 01 electric car this year.
#Tramp #HackerAlert #USTarrifs
$BNB
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