Jaguar Land Rover has reported a profit for the 11th quarter in a row despite drops in revenue and sales. Revenue for the first quarter was £6.6 billion, down 9.2 per cent on the same period last year, with profit before tax falling to £351 million - almost half the figure from last year.

It has been a busy 12 months for the company, with a highly publicised rebranding late in 2024, followed by problems off the back of US president Donald Trump's controversial trade tariffs - there has also been gradual phase-out of older Jaguar models which have also contributed to fall in profits compared to the previous year.

The latest quarterly figures have been announced days after it was revealed CEO Adrian Mardell would be retiring. But there are plenty of positives too - JLR has welcomed a new U

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