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Jaguar Land Rover has posted a 3.

4 billion pound ($4.4 billion) quarterly loss after it took a big write-down in the value of its cars and plants.

It is the third straight quarterly loss for the British automaker, which has been hit hard by U.S.-China trade tensions, low demand for diesel cars in Europe and Brexit worries. Last month JLR said it would cut about 10 percent of its 42,500-person workforce, mostly in its home market.

JLR parent Tata Motors expects costs from the voluntary redundancy program to be recognized in the quarter ending in March.

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Jaguar Land Rover Bleeds $4.4 Billion In 4th Quarter Over Trade Tensions

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