Key facts
- JLR booked £530m in restructuring costs from the 4,000 job cuts in the quarter.
- JLR said 3,000 voluntary redundancies are confirmed, with most leaving at the end of November.
- JLR said it was profitable on an operating basis excluding restructuring costs.
- JLR was hurt by falling sales in China and the Middle East, it said.
- Balaji said the UK and EU should drop plans for new post-Brexit trade barriers.
- JLR is agreeing a deal for Stellantis to manufacture Land Rovers, it said.
Jaguar Land Rover reported a £451 million loss for the quarter from July to September, after booking £530 million in costs tied to cutting 4,000 jobs, the company said on November 13, 2026. Revenue rose to £5.9 billion in the period. JLR said it would have been profitable from operations had restructuring costs been excluded, and that falling sales in China and the Middle East weighed on the quarter.
JLR said it expected the vast majority of the 4,000 cuts to come through voluntary redundancies, with 3,000 already confirmed. Most of those employees will leave at the end of November.
Chief executive PB Balaji said on Friday that the "onslaught of competition" from China meant the UK and EU should stop plans to erect new post-Brexit trade barriers on each other. The automotive industry is lobbying both sides to delay "rules of origin" due on January 1, which threaten 10% tariffs on UK-EU electric cars using batteries from Asia, and the EU is considering "made in Europe" rules that would lock UK-made cars out of subsidies. "Now is the time for actually fostering this entire electrical ecosystem," Balaji said. "We just need time to ensure all these plans start coming into fruition."
JLR, owned by India's Tata, previously targeted China for growth and wrote off billions in investments in 2019 as a wave of Chinese carmakers created overcapacity there. The company is targeting growth in the US, where it is agreeing a deal for Stellantis to manufacture Land Rovers for the first time. JLR has begun producing electric Land Rovers, starting with the Range Rover built in Solihull in the West Midlands, with electric versions of the Range Rover Sport, Defender and Defender Sport to follow, plus the electric Jaguar Type 01. Balaji said JLR was working on a new version of the Discovery.