Jaguar Land Rover weakness drives Tata Motors deeper into junk rating

JLR expects models including the new Range Rover Evoque to help boost sales.

By:

From wire reports

December 05, 2018 05:00 AM

MUMBAI -- S&P Global Ratings lowered the credit rating of Tata Motors and its Jaguar Land Rover unit deeper into junk on Tuesday, citing weaker-than-expected profitability at JLR.

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