Tata Motors outlook turns ‘negative’ on JLR troubles
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Moody's changed Tata Motors' outlook to negative. This followed a cyber attack on Jaguar Land Rover. The attack caused a complete production halt. JLR operations were disrupted for four weeks. The company plans a phased restart of manufacturing. Britain offered a two billion dollar loan guarantee. JLR will contribute over 90 percent to Tata Motors' consolidated ebitda after demerger. What's Your Reaction?
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