Shares in parent company Tata Motors fall as JLR says it will 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 temporarily paused deliveries to the US.
The carmaker, which is owned by India’s Tata Motors, halted shipments to America in April and removed some marketing programmes after the US president imposed a 25% duty on all foreign-made vehicles, before resuming them last month. The country accounts for more than a quarter of JLR’s sales.
Shares in parent company Tata Motors fall as JLR says it will 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 temporarily paused deliveries to the US.The carmaker, which is owned by India’s Tata Motors, halted shipments to America in April and removed some marketing programmes after the US president imposed a 25% duty on all foreign-made vehicles, before resuming them last month. The country accounts for more than a quarter of JLR’s sales. Continue reading… Jaguar Land Rover, Automotive industry, Business, Trump tariffs, Tariffs, US news, Donald Trump, World news, UK news, Tata Business | The Guardian
