Jaguar Land Rover’s Nitra car plant with lower sales as well as profits

Jaguar Land Rover’s Nitra car plant reported a 48% drop in net profit to €4.7m in the financial year ending March, with sales falling 3% to €362.8m. Unlike other Slovak car plants, which report the value of cars assembled as sales, JLR only reports added value. It is unclear how US tariffs affected the result. Car makers tried to stock up the US market before the tariffs were introduced. The plant used to export a quarter of its output to the US. This year’s results will be impacted by a production outage caused by a hacker attack, with production halted for the fifth week.

(hnonline.sk)