, Columnist
Jaguar Land Rover Needs a Tow From China
Investing in electric cars won’t pull the luxury automaker out of its pothole.
Got a tow rope? The production line at Jaguar Land Rover’s China venture.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
For Jaguar Land Rover, the only way out of its deep pothole may be to get a tow from China.
The luxury unit of Tata Motors Ltd. posted dismal fiscal first-quarter results Tuesday, recording an unexpected pretax loss of 264 million pounds ($346 million) after running into trouble in many of its main markets. JLR, usually the profit engine for Tata, effectively wiped out a sharp turnaround at the rest of the Indian company’s business.