Jaguar Land Rover posts £281m loss

Jun 26 2009 By Alistair Houghton

JAGUAR Land Rover has posted a ten-month pre-tax loss of £281m as the recession has caused its sales to plummet.

The company, which was bought by Indian giant Tata Motors last year, employs 2,000 people at Halewood, mostly building Jaguar X-Types and Land Rover Freelander 2 4x4s.

All car firms have been hit hard by the recession but premium manufacturers such as JLR have been worst-hit as consumers shy away from expensive vehicles.

The company is seeking support from the UK Government, backed by the Support JLR campaign from the Liverpool Daily Post and Echo and their Midlands sister papers.

JLR's sales for the 10 months to March 31 were down 28%.