Jaguar Owner Tata Announces $3.8 Billion Loss due to Slowdown in Chinese Economy - FASTENER EUROPE MAGAZINE
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Jaguar Owner Tata Announces $3.8 Billion Loss due to Slowdown in Chinese Economy

Tata Motors Ltd. announced a quarterly loss for the third time as a result of its loss of sales of 278.4 billion rupees ($ 3.9 billion) in Jaguar Land Rover Automotive Plc's market in China. Tata Motors Ltd. stated on Thursday (February 7th) that the net loss in the last quarter of 2018 was 270 billion rupees, indicating that the damage caused by the decline in the demand for diesel vehicles and the potential risks of the Brexit process.