Jaguar Land Rover annual profit falls 99% after US tariffs and cyber-attack take toll

Britain’s largest carmaker says sales also hit by competition in China as it publishes financial results

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Jaguar Land Rover annual profit slumped by more than 99% as it counted the cost of US tariffs and a cyber-attack that disrupted its factories for months.

Britain’s largest carmaker made only £14m in profit before tax and exceptional items in the year to March, down from £2.5bn the year before, according to financial results published on Thursday.