Categories
Business

Tata Motors: Jaguar Land Rover’s parent company shocks investors by posting $1 billion quarterly loss

Tata Motors has announced a shock quarterly loss of more than $1 billion. The Jaguar Land Rover (JLR) owner wrote off $2.1 billion related to its revamp of the UK-based luxury car business. It also warned that a global semiconductor shortage is now impacting production plans for the current quarter. Last month JLR temporarily halted […]