JLR posts $707.7m quarterly loss

Jaguar Land Rover (JLR) has reported further pre-tax losses during the previous quarter, totalling £395 million ($707.7m), compared to the £264m ($473m) during the same period last year. According to a report by Automotive News Europe, in collaboration with Reuters and Bloomberg, the falling profits are the result (in part) of an "ongoing slump in car demand at home, as well as plant shutdowns and delays due to Britain's planned exit from the European Union".