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Evening Standard
Evening Standard
Business
Michael Bow

Jaguar Land Rover’s sales slide as takeover rumours swirl

Weak demand in China hurt sales at Jaguar Land Rover last month, as the firm emerged as a takeover target.

April sales of 39,185 vehicles were 13% down on a year earlier, driven by a 46% slump in Chinese sales.

The company said the roll-out of an electric I-Pace model and increase in Range Rover sales was “encouraging”.

In the UK and America, sales were up 12% and 10%.

JLR commercial chief Felix Bräutigam called it a “tough month”.

The Tata Motors-owned marque, which is cutting 4500 jobs, has been linked with a takeover by Peugeot owner PSA Groupe.

Tata denied the rumours but PSA said it was “open to all opportunities”.

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