JLR revenue drops 25% amid £196m cyber attack costs JLR’s revenue for the second quarter of the financial year dropped by 24% year-on-year to £4.9 billion due to the effects of the cyber attack which hit the OEM at the beginning of September and has cost it £196m. Megan Kelly
JLR profits halve due to US tariffs JLR’s profits before tax almost halved in the second quarter of this year compared to the same time in 2024, down from £693m to £351m, with an EBIT margin of 4%, due to the impact of the US tariffs. Megan Kelly
Toyota plans manufacturing plant in Japan, despite US tariff impact Toyota has announced plans to acquire land to build a new vehicle manufacturing plant in the Teihoucho area of Toyota City in Aichi Prefecture, Japan. Megan Kelly
OEMs face financial losses as tariffs bite OEMs are beginning to see the real impact of the tariffs imposed by the US, with profits and operating income for the first half of the year taking hits of billions of dollars. Megan Kelly
Stellantis expects loss of €2.3bn due to tariffs and restructuring Stellantis is expecting to take a hit of €2.3 billion ($2.7bn) in the first half of this year, due to costs associated with restructuring and expenses incurred from US tariffs. Megan Kelly
Renault announces interim CEO Duncan Minto, issues profit warning The group's CFO will be tasked with tackling difficult first half financial results in his new role as interim CEO of Renault Group. Megan Kelly
