19/06/2026
JLR has outlined a £1.7 billion cost reduction programme and confirmed changes to its future powertrain plans.
The update follows a difficult FY26, with revenue falling 20.9% to £22.9bn and profit before tax and exceptional items dropping from £2.5bn to £14 million.
JLR says future Range Rover, Defender and Discovery models will offer greater propulsion flexibility, while Jaguar will remain an electric-only brand.
The company is also adding full hybrid capability to its Electrified Modular Architecture, which will underpin future products built at Halewood.
Link to read the full story in the comments 💬