Drop in revenues for firm which imports Jaguars
The firm which imports Jaguar and Saab cars into Ireland drove into the red last year, as a sharp fall in revenues forced it to lay off staff and cut costs.
The firm which imports Jaguar and Saab cars into Ireland drove into the red last year, as a sharp fall in revenues forced it to lay off staff and cut costs.
Armalou, which also sells Volvo and Land Rover vehicles through the Spirit Motor Group, made a €2.1million operating loss in 2008, compared with a profit of €6.5 million in 2007. It had sales of €139.3 million last year, down from€180.9 million in 2007.
Armalou is...
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