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Maroc Maroc - Times of India - Business - 30/Sep 01:07

Tata Motors outlook turns ‘negative’ on JLR troubles

Moody's changed Tata Motors' outlook to negative. This followed a cyber attack on Jaguar Land Rover. The attack caused a complete production halt. JLR operations were disrupted for four weeks. The company plans a phased restart of manufacturing. Britain offered a two billion dollar loan guarantee. JLR will contribute over 90 percent to Tata Motors' consolidated ebitda after demerger.

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