Jaguar Land Rover (JLR), the British luxury automotive manufacturer and subsidiary of Indian conglomerate Tata Motors $TATAMOTORS.NS, has downgraded its earnings before interest and taxes (EBIT) margin forecast for fiscal year 2026 to 5%-7%, down sharply from the prior estimate of 10%. This adjustment reflects mounting uncertainty in the global automotive sector, notably stemming from the prospect of U.S. tariffs on imported vehicles and components. Following the announcement, Tata Motors shares declined by as much as 5.2% in early trading, signaling investor concerns over profitability pressures in JLR’s core business. The new margin guidance also falls below JLR’s reported 8.5% EBIT margin in the fiscal year ending March 31, underscoring a more cautious outlook for the luxury carmaker amid ongoing macroeconomic and trade-related headwinds.
On Friday, traders significantly increased their activity in West Texas Intermediate (WTI) crude oil call options priced at $80, anticipating further price gains following heightened geopolitical tensions in the Middle East. The escalation began with Israeli airstrikes targeting Iranian positions, intensifying fears of a broader conflict in the region—a key factor influencing global oil markets due to the Middle East's critical role in energy supply.
In the wake of the January 2024 in-flight incident involving Alaska Airlines’ Boeing 737 MAX, the acting head of the Federal Aviation Administration (FAA), Chris Rocha, announced that the agency currently has no plans to lift the production restriction limiting Boeing $BA to manufacturing 38 units of the 737 MAX per month. This limit was implemented following the accident where a Boeing 737 MAX aircraft operated by Alaska Airlines was found missing four critical bolts.
Beta Technologies, a pioneering U.S. aerospace company, has achieved a historic milestone by successfully landing a fully electric aircraft at John F. Kennedy International Airport (JFK) in the New York-New Jersey metropolitan area. The flight, which lasted 45 minutes with a pilot and four passengers onboard, marks a significant advancement in the adoption of electric aviation technologies for urban and regional transport.
Uber Technologies Inc. $UBER has announced a significant leadership change as Pierre-Dimitri Gore-Coty, Senior Vice President of its Uber Eats division, will depart after nearly 13 years with the company. Gore-Coty played a key role in scaling Uber’s delivery operations globally, especially during the COVID-19 pandemic, a period marked by unprecedented demand and operational complexity.
