Jaguar Land Rover swings to quarterly loss

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Tata-owned Jaguar Land Rover (JLR) has posted a set of quarterly financial results described as 'disappointing'. They included revenues down 11% year-on-year (at GBP5.6bn) in the second quarter of the fiscal year and a loss before tax of GBP90m (versus GBP382m profit before tax in FYQ2 last year).