BENGALURU—India’s Tata Motors posted a surprise quarterly loss and took a $2.05 billion charge at the luxury Jaguar Land Rover (JLR) unit, warning that a global chip crunch and surging COVID-19 cases in the country would hurt its business. Like other carmakers in India, Tata Motors was navigating the pandemic’s impact on sales when a…
Jaguar Land Rover Parent Company Logs Surprise Loss on $2 Billion Restructuring Charge
Jaguar Land Rover Halts Production Because of Chip Shortage
LONDON—Jaguar Land Rover said Thursday it’s suspending production at two UK factories, becoming the latest automaker to fall victim to a global shortage of microchips. “Like other automotive manufacturers, we are currently experiencing some COVID-19 supply chain disruption, including the global availability of semiconductors,” the British luxury car brand said in a statement. The shortage…
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