JLR Annual Profit Collapses 99% as Tariffs and Hack Strike

Britain's largest carmaker has seen its earnings almost entirely wiped out after US import tariffs and a months-long cyber-attack hammered production and sales.

Jaguar Land Rover's annual profit fell more than 99% in its latest financial year.
US tariffs on imported vehicles cut deep into the carmaker's American revenues.
A cyber-attack disrupted JLR factories for several months, compounding the financial damage.
JLR is Britain's largest carmaker by volume and a major employer in the Midlands.
The company has not yet confirmed a full recovery timeline or revised earnings guidance.

Jaguar Land Rover's annual profit has collapsed more than 99%, the British carmaker confirmed, after US import tariffs and a crippling cyber-attack drained earnings across the financial year.

The Coventry-based manufacturer, Britain's largest carmaker, said the two blows combined to gut margins that had been recovering since the pandemic supply crunch.

US tariffs on imported vehicles — raised sharply by the Trump administration's sweeping trade measures — hammered JLR's most profitable market. America is the single largest destination for Range Rover and Defender models, which carry the group's highest margins.

The cyber-attack, which disrupted factory operations for months, added a separate strand of losses on top of the tariff hit, sources familiar with the company's position told the News.

JLR employs around 38,000 workers directly in the UK, with tens of thousands more jobs in its supply chain concentrated across the West Midlands.

The company is expected to set out a recovery plan and updated financial guidance when it presents full results to investors later this month.