Jaguar Land Rover warns that Trump tariffs will hit profits
Shares in parent company Tata fall as it says it will try to reallocate vehicles to ‘accessible markets’Business live – latest updatesThe British luxury carmaker Jaguar Land Rover has warned of a hit to profits from Donald Trump’s tariffs, after the company paused deliveries to the US.The carmaker, which is owned by India’s Tata Motors, temporarily halted shipments to America after the US president imposed a 25% duty on all foreign-made vehicles. The country accounts for more than a quarter of JLR’s sales. Continue reading...
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Shares in parent company Tata fall as it says it will try to reallocate vehicles to ‘accessible markets’
The British luxury carmaker Jaguar Land Rover has warned of a hit to profits from Donald Trump’s tariffs, after the company paused deliveries to the US.
The carmaker, which is owned by India’s Tata Motors, temporarily halted shipments to America after the US president imposed a 25% duty on all foreign-made vehicles. The country accounts for more than a quarter of JLR’s sales. Continue reading...
