Key facts
- Jaguar Land Rover forecasts a 4% profit margin for fiscal year 2027.
- Tata Motors Passenger Vehicles' shares fell as much as 9.6% after JLR's forecast.
- U.S. tariffs and a past cyberattack are cited as reasons for JLR's profitability pressure.
- Rivian laid off hundreds of employees, less than 2% of its workforce.
- Rivian's layoffs impact service, sales, and marketing teams.
- Rivian is preparing for the launch of its new R2 SUV.
- A whistleblower alleges JLR was told to ignore Range Rover Evoque fire risks.
- The whistleblower claims he was instructed not to document potential fire risks.
Jaguar Land Rover (JLR) has projected a profit margin of 4% for the fiscal year 2027, indicating a recovery pace that is slower than previously anticipated. This forecast led to a significant decline in the stock value of its parent company, Tata Motors Passenger Vehicles, with shares falling as much as 9.6%. Analysts attribute the pressure on JLR's profitability to several factors, including U.S. tariffs and the lingering effects of a past cyberattack.