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  • Reuters8 days ago

    Tata Motors falls as S&P cuts credit rating on JLR woes

    S&P Global Ratings on Tuesday https://www.bseindia.com/xml-data/corpfiling/AttachLive/77a50344-91e6-4afd-966e-3101511d5c6d.pdf cut its rating on issuer credit and senior unsecured notes to 'BB-' from 'BB' for both Tata Motors and JLR. The ratings remain on negative watch, reflecting the uncertainties for JLR from a fast-approaching Brexit deadline, S&P said.

  • Reuters13 days ago

    Tata Motors falls; Jaguar Land Rover to temporarily cut jobs at UK plant

    The Engine Manufacturing Centre in Wolverhampton, central England will take a temporary pause in production, in response to adjustments in vehicle production schedules, Britain's biggest carmaker Jaguar Land Rover said on Thursday. Tata Motors stock was the biggest percentage loser on the indexes and posted its biggest daily fall since Nov 13.

  • Reuterslast month

    Tata Motors reveals turnaround plan for Jaguar Land Rover after loss

    MUMBAI/BENGALURU (Reuters) - India's Tata Motors Ltd on Wednesday announced a turnaround plan for its luxury car unit Jaguar Land Rover which has been hit hard by trade tensions between China and the US, low demand for diesel cars in Europe and worries over Brexit. Under "Project Charge" Tata Motors said it plans to cut costs and improve cash flows at Jaguar Land Rover (JLR) by 2.5 billion pounds ($3.2 billion) over 18 months. JLR also plans to launch several new vehicles including the Jaguar I-Pace and the new Range Rover Defender over the next few years and will offer a hybrid or electric version of all its models by 2020.