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Jaguar Land Rover owner posts $1B loss

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Tata Motors, the parent company of Jaguar Land Rover, posted a surprise quarterly loss of more than $1 billion.

During the quarter, the Indian company wrote off $2.1 billion related to its revamp of United Kingdom-based Jaguar Land Rover.

Analysts were looking for $365.4 million in profits.

Read more from BBC News.

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