MajorRewrite
Iffy
- Joined
- Mar 14, 2014
- Posts
- 8,878
Trump randomly lashed out at Jaguar because it named a brown person as CEO 
The post came shortly after JLR announced that PB Balaji would become its new chief executive and would take the reins in November. The group finance chief of JLR’s parent company, Tata Motors, since 2017 will become the carmaker’s first Indian CEO.
In recent months, JLR has been hit by the impact of Trump’s tariffs, and reported a 15.1% drop in sales in the three months to June, after a temporary pause in exports to the US. It has also opened a voluntary redundancy scheme for up to 500 managers in an effort to save costs.
Sales are expected to improve after the introduction of a UK-US trade deal, which will implement lower 10% tariffs on the first 100,000 exports. The company has reported a profit for the past 10 consecutive quarters after a turnaround effort.