Jaguar Land Rover has posted another loss with car sales down nearly 10,000.

The Midlands car giant has revealed pre-tax loss of £273million for the three months to 31 December.

Jaguar Land Rover sold 144,602 vehicles in the period.

Those figures are down from 154,447 a year ago.

The car maker is blaming "continued challenging market conditions in China".

JLR is facing several challenges, including a slump in demand for diesel cars and a sales slowdown in China.

The company’s sales in Europe were up slightly, despite an eight per cent drop in the overall market.

In the three-month period, sales increased for the new Jaguar E-PACE and the electric Jaguar I-PACE as well as the refreshed Range Rover and Range Rover Sport.

But JLR revealed its growth in North America and the UK was "encouraging".

The firm stated that its £2.5 billion cost saving programme was on track.

 

Dr Ralf Speth, JLR chief executive, said: “Jaguar Land Rover reported strong third quarter sales in the UK and North America, but our overall performance continued to be impacted by challenging market conditions in China.

"We continue to work closely with Chinese retailers to respond to current market conditions with a ‘pull’ based approach to vehicle sales.

“Today, we are also announcing a non-cash exceptional charge to reduce the book value of our capitalised investments.

"This accounting adjustment is consistent with the other decisive actions that we must take as part of our ‘Charge’ and ‘Accelerate’ transformation programmes to create an efficient and resilient business, enabling Jaguar Land Rover to counter the multiple economic, geopolitical, technological and regulatory headwinds presently impacting the automotive industry.

"We are taking the right decisions to prepare the company for the new technologies and strong product offensive that will enable a long term future of sustainable profitable growth.”

Dr Speth added: “This is a difficult time for the industry, but we remain focused on ensuring sustainable and profitable growth, and making targeted investments, that will secure our business in the future.”

 

Last week, BirminghamLive reported how around 200 to 400 agency workers were to be struck off following an initial announcement back in April .

The new year jobs cull at the UK car giant began at Lode Lane in Solihull .

The move to axe agency jobs is in line with the manufacturing of its Discovery moving to a new £1bn factory in Nitra, Slovakia in February.

Staff were originally briefed on November 29 and those affected were officially stood down on Friday, January 25.

On January 24, it was revealed that there will be an additional week-long stand-down of production in April.