Indian car company Tata Motors was pushed into its first loss in eight years thanks in part to sluggish sales from its newly-acquired luxury units, Jaguar and Land Rover . The automaker’s Vice Chairman, Ravi Kant, indicated that Tata might further trim production and jobs to keep pace with the diminished demand.
Speaking at a news conference, Kant said, “There has already been 2,000 job losses. We may be looking at more job losses, more plant shutdowns.”
Jaguar Land Rover , the newly-unified, former Ford Motor Company brands, posted a pretax loss of about $465 million during the first ten months of the 2008-09 fiscal year. It is unclear just where the cuts could be within Jaguar and Land Rover.
