JLR Reports First Quarter Results for 2018/2019 Financial Year
Corporate Business

JLR Reports First Quarter Results for 2018/2019 Financial Year

Jaguar Land Rover Automotive plc, the UK’s largest vehicle manufacturer, today reported its financial results for the three-month period ending 30 June 2018. Retail sales for the quarter reached 145,510 vehicles, up 5.9% on the previous year. The increase reflects growing sales of the new Range Rover Velar, Range Rover Sport, Land Rover Discovery and Jaguar E-PACE. However, wholesales (including China JV) were 13,950 units lower than retails, primarily reflecting lower wholesales in China in advance of the reduction in import duties from 25% to 10% on 1 July and production scheduling to de-stock inventories in other markets.

Aston Martin Gaydon
Aston Martin

S&P Global Rating Upgrade for Aston Martin

Aston Martin Holdings (UK) Ltd, the designer and manufacturer of luxury handcrafted sports cars, today welcomed the decision by S&P Global Ratings to upgrade its credit rating for the company. S&P has upgraded the company and its senior secured notes to ‘B’ from ‘B-‘, on the back of a consistent improvement in its operating and financial performance. In 2017, Aston Martin delivered record revenues, with profits growing by a quarter of a billion pounds as unit sales exceeded 5,000 for the first time since 2008. 

Lotus delivers radical financial turnaround 4
Corporate Business

Lotus Delivers Radical Financial Turnaround

Marking a major milestone in the history of Lotus Group International Limited (LGIL), the company finishes the financial year 2016/17 on plan. Lotus closed the year with positive EBITDA of £2.0m, a major achievement compared to 2015/16 where a £16.3m EBITDA loss was recorded. There has also been a significant improvement in Profit Before Tax. From a £41.2m loss in FY15/16 to a £11.2m loss overall in FY16/17, with the company recording a Profit Before Tax improvement of £10m in the second half of FY16/17 compared to the first six months of the year. Looking ahead, it allows Lotus to concentrate on the next stage of the business’ development, and a return to full year Profit Before Tax for FY17/18.

One Jaguar Land Rover sold every 30 seconds in March
Corporate Business

JLR Finishes Fiscal Year with Record Sales

Jaguar Land Rover Automotive plc (JLR), the UK’s largest vehicle manufacturer, today reported a strong fourth quarter to finish the fiscal year with solid results demonstrating encouraging demand for both new and established models in the period to March 31, 2017. Retail sales were a record 604,009 vehicles, up 16% on the previous year led by the 2017 World Car and World Car Design of the Year award-winning Jaguar F-PACE and continuing strong demand for the Land Rover Discovery Sport and other models in the Jaguar Land Rover portfolio. Retail sales were up year-on-year in China (32%), North America (24%), the UK (16%) and Europe (13%).