Jaguar Land Rover Automotive Plc swung to a £559 million ($735 million) quarterly loss and slashed its guidance after a cyberattack temporarily halted production at the UK’s largest automaker.
The Range Rover maker said Friday its profit margin for the full year could now be entirely wiped out, having previously targeted a result as high as 7%. It now expects free cash burn of as much as £2.5 billion, after earlier aiming for little change.
The company, owned by India’s Tata Motors Passenger Vehicles Ltd., swung to a loss for the three months through September, in part due to ...
