India's Tata Motors yesterday lifted the lid on the performance of its UK carmakers Jaguar and Land Rover, revealing huge losses as it warned of "drastic cost-cutting". The group said the recession's effect on the luxury marques it bought from Ford in June last year led to a net loss of Rs25.1bn (€370.8 million) in the year ending March, its first loss in at least seven years. - (Copyright The Financial Times Limited 2009)
Jaguar, Land Rover take toll on Tata
India's Tata Motors yesterday lifted the lid on the performance of its UK carmakers Jaguar and Land Rover, revealing huge losses…
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