Jaguar Land Rover (JLR) profits fell by half after a slump in sales as the luxury group was pummelled by US trade tariffs on car parts. The carmaker said Donald Trump's import taxes have had a 'direct and material impact on profitability' in the three months to June.

Tata Motors Ltd.’s Chief Financial Officer will take the helm of Jaguar Land Rover, giving the Indian automaker more operational control over its British subsidiary after the departure of its chief executive officer.

Jaguar Land Rover has appointed the finance boss of Tata Motors as its new chief executive, in a move that increases the Indian owner’s influence over the UK luxury-car maker.