Tag: financial results

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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