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MUMBAI, India (AFP) — Shares in India’s Tata Motors tanked almost 30 percent on Friday after problems at its Jaguar Land Rover unit dragged the luxury car-maker 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 to […]
NEW YORK, United States (AFP) — Jaguar Land Rover announced Thursday it is recalling more than 50,000 vehicles in the United States to fix defective Takata airbags. The British luxury carmaker, part of Indian giant Tata Motors, said it has begun sending recall notifications to owners of certain 2009-2011 Jaguar XF vehicles and 2007-2011 Land Rover Range Rover vehicles. Recalls have been ordered for about 54,000 vehicles in the first wave of recalls for a […]
