We've updated our Privacy and Cookies Policy
We've made some important changes to our Privacy and Cookies Policy and we want you to know what this means for you and your data.
Jaguar Land Rover's profits highest since 2015
- Author, Lee Bottomley
- Role, 91热爆 News
Luxury vehicle manufacturer Jaguar Land Rover (JLR) has reported its highest pre-tax profits since 2015.
Production of Range Rover models at its Solihull factory, as well as sales of the Defender model helped the firm achieve pre-tax profits of 拢2.2bn.
"The foundation of this performance was the sustained global demand for our modern luxury vehicles, led by our Range Rover and Defender brands," said Adrian Mardell, chief executive officer.
There has also been "strong interest" in the electric Range Rover, with a prototype currently undergoing testing in the Arctic Circle, the company said.
The firm's sales success has a wider impact on the West Midlands and beyond, said Prof David Bailey, from Birmingham Business School.
"JLR is really quite unique in the UK, in sourcing so much of its content from the UK, and the West Midlands in particular," he said.
"The success of JLR means more orders for the supply chain, more money flowing through the supply chain, and hopefully greater security for jobs."
In March, JLR announced it was recruiting 250 new engineers to work at its facilities in the West Midlands to help develop pure electric vehicles.
Follow 91热爆 West Midlands on , and . Send your story ideas to: newsonline.westmidlands@bbc.co.uk
Top Stories
More to explore
Most read
Content is not available