Jaguar Land Rover : A wounded animal

We are fairly convinced that the group’s new strategy aimed at downsizing the business, focusing on the Land Rover brand (whose EVs are by far the most profitable), as well as cutting costs and investments will be highly beneficial for operating metrics in the next two years. The first effects have been already seen in the highly encouraging Q3 2021/22 results, with a return of EBIT margin and FCF to positive territory. The very progressive easing of the chips shortage and ramp u...