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JLR expects lower 2015 profit because of blast, investments

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Up to 5,800 of Jaguar Land Rover's cars were damaged or destroyed in a chemical explosion at Tianjin port in August.

London

LUXURY British carmaker Jaguar Land Rover (JLR) will post a lower pre-tax profit in 2015 than in the previous fiscal year, due to major investments and a blast at China's Tianjin port that destroyed thousands of its cars, its CEO Ralf Speth said.

The company, which said on

sentifi.com

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