Jaguar Land Rover profit collapses after tariffs China slowdown and cyberattack forces electric reboot

Published on 14 May 2026

A cyberattack shut production for weeks and erased gains

Jaguar Land Rover’s nearly wiped-out profit paints a harsh picture for the British luxury automaker. For the 12 months through March, pretax profit fell to just £14 million from £2.5 billion a year earlier, hit by new US tariffs, weaker luxury demand in China, and a cyberattack that halted production for weeks starting last September. While it returned to profit in the latest quarter, JLR is now rebooting with a fully electric lineup, including a new electric Jaguar and Range Rover deliveries later this year.

Pretax profit for the year fell to £14 million
That compares with £2.5 billion a year earlier
Cyberattack began last September and shut production for weeks
US tariffs impacted the brand’s biggest market
China demand slump added further pressure
First new Jaguar and electric Range Rover debut later this year

#us tariffs #china demand #jaguar land rover #cyberattack #electric vehicles

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Jaguar Land Rover profit collapses after tariffs China slowdown and cyberattack forces electric reboot

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