A major automaker reported a sharp £77 million pretax loss in its third quarter despite a 36 percent surge in revenue, signaling financial strain as net debt ballooned to £1.57 billion. The figures highlight a widening gap between sales growth and profitability, raising questions about the company’s ability to sustain its expansion. Industry analysts will be watching closely to see whether the trend continues or if cost-cutting measures can reverse the downward trajectory. The contrast between revenue gains and mounting debt underscores broader challenges in the automotive sector’s shifting landscape.
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.
