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ustarrifs
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Jaguar Land Rover's profits plunged by 99% due to Trump's tariffs and a massive cyberattack.
The British automaker earned just £14 million in profit for the year, down from £2.5 billion a year earlier.
Among the main reasons:
➡️ US tariffs on car imports.
➡️ Falling demand for luxury cars in China.
➡️ A massive cyberattack that paralyzed the company's factories and internal systems for several weeks.
Due to the problems, Jaguar Land Rover's revenue fell by more than 20% to £22.9 billion.
The company also said that it lost about £2.2 billion in cash for the year due to production shutdowns and recovery costs after the hacker attack.
Despite this, Jaguar Land Rover plans to launch a new electric Range Rover and introduce the Jaguar Type 01 electric car this year.
#Tramp #HackerAlert #USTarrifs
$BNB
The British automaker earned just £14 million in profit for the year, down from £2.5 billion a year earlier.
Among the main reasons:
➡️ US tariffs on car imports.
➡️ Falling demand for luxury cars in China.
➡️ A massive cyberattack that paralyzed the company's factories and internal systems for several weeks.
Due to the problems, Jaguar Land Rover's revenue fell by more than 20% to £22.9 billion.
The company also said that it lost about £2.2 billion in cash for the year due to production shutdowns and recovery costs after the hacker attack.
Despite this, Jaguar Land Rover plans to launch a new electric Range Rover and introduce the Jaguar Type 01 electric car this year.
#Tramp #HackerAlert #USTarrifs
$BNB
TRUMP Tariffs Removal
Trump's overnight tariff removal on Brazil follows a similar order announced last Friday to roll back duties on coffee and scores of other agricultural products from producing countries.
Top coffee grower Brazil supplies the U.S., the world's largest coffee consumer, with about a third of its beans.#TarriffsPause #USTarrifs #USJobsData #TarriffPause
Trump's overnight tariff removal on Brazil follows a similar order announced last Friday to roll back duties on coffee and scores of other agricultural products from producing countries.
Top coffee grower Brazil supplies the U.S., the world's largest coffee consumer, with about a third of its beans.#TarriffsPause #USTarrifs #USJobsData #TarriffPause
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