Tata Motors shares plunge 30% on Jaguar woes
Jaguar Land Rover announced last month that it was axing 4,500 jobs worldwide (AFP Photo/PUNIT PARANJPE)/ Mumbai (AFP) - Shares in India's Tata Motors tanked almost 30 percent on Friday after problems at its Jaguar Land Rover unit dragged the luxury carmaker to India's biggest quarterly loss. The Mumbai-based manufacturer has been badly hit by falling demand for luxury cars in China, as well as uncertainty over Brexit and rising debt. It announced Thursday a net loss of 270 billion rupees ($3.8 billion) for the quarter ending December owing ...
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