Tata’s shares slump after revealing £3.4bn JLR quarterly loss
Shares in Jaguar Land Rover's parent company Tata Motors fell by 17% yesterday after the car maker posted a £3.4bn pre-tax loss for the last three months of 2018.
The company reported revenues of £6.2bn and a pre-tax loss before exceptional items of £273m (EBIT margin -2.6%) for the three months to the end of December.
JLR said that the automotive industry is facing “significant market, technological, and regulatory headwinds”while at the same time, investment in new models, electrification and other technologies remains ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...