Latest news with #RangeRoverSports
Yahoo
07-04-2025
- Automotive
- Yahoo
Jaguar Land Rover halts US shipments amid tariffs
British carmaker Jaguar Land Rover (JLR) has announced a one-month suspension of shipments to the US as it evaluates the implications of newly imposed tariffs by US President Donald Trump. The automotive industry is currently facing turmoil as global stocks are disrupted and companies grapple with the effects of the Trump administration's broad tariff implementation. Last week a 25% tariff on all foreign cars imported into the US was enforced, affecting the global car industry, which is highly integrated with North American manufacturing operations. Jaguar Land Rover said the US represents a key market for its luxury brands. The company sells around 400,000 Range Rover Sports, Defenders, and other models each year, with exports to the US making up nearly a quarter of its total sales, according to Reuters. Jaguar Land Rover spokesperson told CNBC via email: 'As we work to address the new trading terms with our business partners, we are enacting our planned short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans.' The White House also plans to introduce tariffs on certain auto parts by 3 May. Following the enactment of Trump's auto tariffs, several car manufacturers have announced measures such as price increases, import fees, production halts, and potential staff layoffs. UK Prime Minister Keir Starmer stated that his government would respond to the US tariffs with "cool and calm heads", as discussions for a potential trade deal with the US continue. The UK, along with other nations, has been subjected to a 10% baseline import duty on top of the 25% tariff on car exports and steel and aluminium products. In a similar move, Nissan has halted new orders from the US for two of its Infiniti SUV models, the QX50 and QX55, which are manufactured at the COMPAS plant in Mexico, as a direct response to the tariffs. Last week in a statament, JLR said its business is resilient and accustomed to changing market conditions. 'Our priorities now are delivering for our clients around the world and addressing these new US trading terms,' the company said. "Jaguar Land Rover halts US shipments amid tariffs" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
07-04-2025
- Automotive
- Yahoo
India's Tata Motors slides 10% after luxury arm JLR pauses exports to US
(Reuters) -Shares of India's Tata Motors sank 10% on Monday, set for their worst day in over three years, as its luxury car unit Jaguar Land Rover paused exports of its British-made cars to the U.S. after President Donald Trump's 25% tariff came into effect. The slide on the day has taken the stock's tumble to 22% since Trump announced the import duties on March 26. In that period the benchmark Nifty 50 has dropped 6.3%, including a 4% slump on the day. The United States is the second-biggest importer of British-made cars after the European Union, with nearly a 20% share, data from industry body SMMT shows. The U.S. was one of JLR's only growth markets last year and accounts for more than a quarter of its global sales of Range Rover Sports, Defenders and other models. JLR's sales, in turn, account for two-thirds of Tata Motors' revenue and a significant part of its profit and cash flow. That has made Tata Motors one of the biggest losers among auto stocks since the tariffs were announced, with its 22% slide more than double the roughly 10% drop in the broader auto index. Besides Tata, the other carmakers in the 15-member auto index do not export to the U.S. However, the index includes many component makers that have an indirect exposure, such as Bharat Forge, which supplies Tesla. Bharat Forge's stock also tumbled about 10% on the day. Brokerage CLSA said in a note last week that it expects a 14% drop in JLR's overall volumes in the fiscal year to March 2026, led by a 26% drop in U.S. sales on the back of tariffs. Analysts still rate Tata's stock "buy" on average, according to data compiled by LSEG, similar to its Indian peers. Sign in to access your portfolio
Yahoo
07-04-2025
- Automotive
- Yahoo
India's Tata Motors slides 8% after luxury arm JLR pauses exports to US
(Corrects typo in headline) (Reuters) - Shares of Indian automaker Tata Motors sank 8% on Monday after Jaguar Land Rover (JLR), which makes luxury cars, paused exports of its British-made cars to the U.S. following President Donald Trump's 25% tariff came into effect. The slide on the day takes the stock's tumble to 20% since Trump announced the import duties on March 26. In that period the benchmark Nifty 50 has dropped 6%, including a 4% slump on the day. The United States is the second-biggest importer of British-made cars after the European Union, with nearly a 20% share, data from industry body SMMT shows. The U.S. was one of JLR's only growth markets last year and accounts for more than a quarter of its global sales of Range Rover Sports, Defenders and other models. Sign in to access your portfolio
Reuters
07-04-2025
- Automotive
- Reuters
India's Tata Motors slides 8% after luxury arm JLR pauses exports to US
April 7 (Reuters) - Shares of Indian automaker Tata Motors ( opens new tab sank 8% on Monday after Jaguar Land Rover (JLR), which makes luxury cars, paused exports of its British-made cars to the U.S. following President Donald Trump's 25% tariff came into effect. The slide on the day takes the stock's tumble to 20% since Trump announced the import duties on March 26. In that period the benchmark Nifty 50 (.NSEI), opens new tab has dropped 6%, including a 4% slump on the day. The United States is the second-biggest importer of British-made cars after the European Union, with nearly a 20% share, data from industry body SMMT shows. The U.S. was one of JLR's only growth markets last year and accounts for more than a quarter of its global sales of Range Rover Sports, Defenders and other models.
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Express Tribune
05-04-2025
- Automotive
- Express Tribune
Jaguar Land Rover to pause US shipments
Listen to article Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff. Jaguar Land Rover, which is owned by India's Tata Motors, confirmed the temporary export suspension after the Times newspaper reported the plan. "As we work to address the new trading terms with our business partners, we are taking some short-term actions, including a shipment pause in April, as we develop our mid- to longer-term plans," JLR said in an emailed statement. Britain's car industry, which employs 200,000 people directly, is highly exposed to the new tariffs. The US is the second-biggest importer of British-made cars after the European Union, with nearly a 20% share, data from industry body SMMT shows. JLR, one of Britain's biggest producers by volume, said in its statement that the US was an important market for its luxury brands. It sells 400,000 Range Rover Sports, Defenders and other models annually and exports to the US account for almost a quarter of sales.
