UK carmaker hit by China blast that destroyed thousands of its cars,as well as the costs of a fresh manufacturing centre
Luxury British carmaker Jaguar Land Rover (JLR) will post a lower pre-tax profit in 2015 than in the previous fiscal year due to major investments and a blast at China’s Tianjin port. The company, which said on Tuesday it will invest nearly half a billion pounds in its British engine manufacturing centre, and had up to 5800 cars damaged or destroyed in a chemical explosion at Tianjin in August. Continue reading...
Source: theguardian.com