Jaguar Land Rover sees record profits with huge global demand as electric Ranger Rover is tested in the Arctic
and on Freeview 262 or Freely 565
British luxury automobile manufacturer, Jaguar Land Rover, has reported a pre-tax profit of £2.2bn, marking its highest since 2015. The uptick in returns has been attributed to thriving global demand for the company's luxury models, particularly the Defender and Range Rover models manufactured at its Solihull factory.
In addition to the company's diesel vehicles, a keen interest is also seen in its prototype electric Range Rover, currently in the testing phase in the Arctic Circle.
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Hide AdSpeaking on these profits, their Chief Executive Officer stated that 'sustained global demand' for the modern luxury vehicles set the stage for this financial performance.
In a move to ramp up its foray into the electric vehicle category, JLR announced in March that it was looking to recruit 250 new engineers to work on the development of purely electric cars at its West Midlands facilities.
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