A major automaker has reported a sharp financial downturn in its latest quarter, with a pretax loss of £77 million despite a 36 percent surge in revenue. The company’s net debt has climbed to £1.57 billion, raising concerns about its financial health amid strong sales growth. Industry analysts will be watching closely to see how the automaker addresses this widening gap between profits and debt. The full report reveals deeper insights into the challenges facing the sector.
The automaker posted a £77 million ($102 million) third-quarter pretax loss as net debt rose to £1.57 billion, even as revenue jumped 36 percent.
