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Jaguar Land Rover Faces Huge Financial Loss - CarBuzz

"This is a difficult time for the industry, but we remain focused on ensuring sustainable and profitable growth, and making targeted investments, that will secure our business in the future," said Dr. Ralf Speth, Jaguar Land Rover's CEO.

Despite strong third-quarter sales in the UK and North America, Jaguar Land Rover says its "overall performance continued to be impacted by challenging market conditions in China," which saw sales drop by 47 percent in the People's Republic.

Out of JLR's 13 models across its two brands, sales only increased for the I-Pace, E-Pace, Range Rover, and Range Rover Sport in the three-month period. The launch of the all-new Defender and the all-new version of the best-selling Range Rover Evoque can't come at a more crucial time for Jaguar Land Rover.

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