This announcement led to a drop in BMW’s shares and affected different carmakers’ shares as well. The luxury JLR division is Tata Motors’ bellwether, accounting for about two-thirds of its income. Among JLR’s cars, the Range Rover, Range Rover Sport and Defender fashions are its most margin-boosting variants as they are costlier. Unlike many automotive writers who have by no means labored within the auto business, David is unique in that he has extensive automotive business experience. Automotive News has been the North American auto trade’s most-trusted and most-read source of stories, perception and understanding since 1925. With 24/7 protection …
