Tata Motors stock slips 3% as JLR chief issues 'no-deal' Brexit warning

September 12, 2018 11:41

Shares of Tata Motors Wednesday slipped as much as three per cent in morning trade on bourses after the Jaguar Land Rover issued a warning to the UK government of massive losses if Britain was to leave the European Union.

JLR CEO Ralf Speth, who was speaking at the Zero Emission Vehicle Summit in Birmingham, Tuesday said that fears of a so-called "no-deal" Brexit and lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up. -- PTI

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