Tata Motors: Jaguar Land Rover's Indian owner sees surprise $1bn loss

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By Yoongi in Business
Updated 3 years ago

Jaguar Land Rover's (JLR) owner Tata Motors announced a surprise quarterly loss of more than $1bn (£700m). It came as the Indian company wrote off $2.05bn related to its revamp of the UK-based luxury car business. It also warned that a global semiconductor shortage are now impacting production plans for...

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