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China lockdowns, chip crisis cloud JLR sales outlook for FY23: Tata Motors
Jaguar Land Rover (JLR) faces headwinds due to lockdowns in China for Covid-19, as the UK subsidiary of Tata Motors battles global supply chain issues caused by the war in Ukraine and difficult macroeconomic conditions. These problems may impact JLR financially in FY23, Tata Motors said in its annual report.
N Chandrasekaran, chairman of Tata Motors, wrote about the disruptions in a letter to shareholders. Read more
Revlon Inc files for bankruptcy amid high debt, supply chain pain
Revlon Inc. filed for Chapter 11 bankruptcy, unable to manage its
