Trade Deal Impacts
(JLR) acknowledges the possibility of relocating production due to tariffs but currently plans to maintain its and European manufacturing bases.
The recent UK-US trade deal reduces tariffs on UK-made cars to 10% for the first 100,000 vehicles, offering some relief to JLR amidst tariff threats.
Financial and Market Considerations
Despite a strong pre-tax profit of £2.5 billion, JLR faces potential sales declines in North America due to tariffs, especially on models like the Defender.
JLR's strategy includes monitoring the impact of tariffs and exploring US-EU trade deals to mitigate higher tariff rates on European-made cars.