Shocking Auto News: Group 1 Automotive Ditches Jaguar Land Rover UK Dealers – Shares Tumble
Group 1 Automotive will exit all 10 of its UK Jaguar Land Rover dealerships by 2027, citing persistent economic pressures. The company booked a $123.9 million impairment and $1.6 million in restructuring charges for Q3. Group 1’s shares dropped about 5–6% after the announcement. JLR sales have slumped, and a recent cyberattack halted production for nearly six weeks.
