Why Tata Motors' Shares Are Down Over 11% Today [The Motley Fool]
Tata Motors Ltd Tata Motors Limited (TTM)
US:NYSE Investor Relations:
tatamotors.com/investor/volumes
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Source: The Motley Fool
Tata is the latest automaker to take a hit from the U.S.-China trade war. John Rosevear ( TMFMarlowe ) Oct 9, 2018 at 12:39PM What happened Shares of Indian automaker Tata Motors ( NYSE:TTM ) fell sharply on Tuesday morning, after the company announced that its important Jaguar Land Rover subsidiary will cut production after a sharp drop in sales in China. As of 12 p.m. EDT, Tata's shares were trading at $12.72, down about 11.4% from Monday's closing price. So what Tata Motors is India's largest maker of commercial vehicles (trucks and buses), but much of its revenue comes from its Jaguar Land Rover subsidiary (JLR), which it purchased from Ford Motor Company ( NYSE:F ) in 2008. JLR accounted for 80% of Tata's $44.2 billion in revenue in the fiscal year that ended on March 31 and -- more to the point -- all (and then some) of its o
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