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.

Domestic demand didn't offer much of a cushion either, with India sales of cars and commercial vehicles down 7% year-on-year. JLR's numbers were hit hard too. The luxury SUV maker now expects free cash flow to be close to zero for the full year,

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.