JLR Profit Hit by Aluminum Crunch After Flooding at Swiss Mill
- Range Rover maker delivered fewer cars in latest quarter
- Shortage has compounded problems for European automakers
The underwhelming show by Tata Motors comes amid an overall slowdown in Indian consumption.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Jaguar Land Rover reported a fall in profit in its latest quarter after flooding at a key aluminum supplier hit deliveries of its luxury SUVs.
The British maker of Range Rover and Land Rover vehicles said Friday pretax profit dropped 10% to £398 million ($516 million) in the three months through September from a year earlier. Revenue fell 5.6% to £6.5 billion.