British MP demands to meet Ratan Tata over 'bad judgement'September 27th, 2009 LONDON - A British MP Sunday called for a meeting with Ratan Tata, chairman of Jaguar Land Rover (JLR) owners Tata Motors, over the company's decision to close a factory in Britain. Mike O'Brien, Labour Party MP for North Warwickshire and Bedworth, said he wanted to speak to Tata chief Ratan Tata himself about what he described as the firm's "bad judgement", the BBC reported.
Jaguar Land Rover to close British plant; no compulsory redundanciesSeptember 24th, 2009 LONDON - Tata Motors-owned Jaguar Land Rover Thursday announced plans to close one of its factories in Britain but said there will be no compulsory redundancies. The company said it will close a plant at either Solihull or Castle Bromwich in west central England, but will combine production at a site to be decided next year.
Jaguar Land Rover secures private funding, says no longer needs government assistanceAugust 11th, 2009 Jaguar Land Rover secures private fundingLONDON — The Indian owner of car and sport-utility vehicle maker Jaguar Land Rover said Tuesday it no longer needs government funding after securing a 175 million pound ($288 million) private sector loan. Tata Motors said it has secured some direct bank loans as well as guarantees that will allow it access to European Investment Bank funds.
Britain urges Tata to respond to offer on Jaguar Land RoverJuly 21st, 2009 LONDON - Britain's Business Secretary Lord Peter Mandelson has urged Tata Motors to respond quickly to a revised offer of government funding for its luxury Jaguar Land Rover (JLR) brands. Tata Motors, advised by Citigroup and Standard Chartered, is seeking a government guarantee for a 340-million-pound, three-year European Investment Bank loan, plus guarantees for private bank loans worth nearly 500 million pounds.
Jaguar to shut plants for summerJuly 12th, 2009 LONDON - Jaguar Land Rover, the British carmaker owned by India's Tata Motors, is planning an extended shutdown of its British plants and a new round of layoffs as it tries to deal with the slump in the world car market, a media report said Sunday. The preparation for the shutdown comes days after the company released its new flagship, the latest version of the Jaguar XJ, Sunday Times reported.
After Nano, Tata launches luxury Jaguar, Land RoverJune 28th, 2009 MUMBAI - Three months after launching Nano, the world's most inexpensive family vehicle at the Rs.1 lakh, Tata Motors Sunday launched here the iconic Jaguar and Land Rover cars, to cost between Rs.63 lakh and Rs.92 lakh in India. Tata Motors chairman Ratan Tata said initially, three Jaguar and two Land Rover models would be available in the country.
Jaguar, Land Rover models launched in IndiaJune 28th, 2009 MUMBAI - Nearly 16 months after acquiring the iconic Jaguar and Land Rover brands, Tata Motors formally launched the luxury cars in India here Sunday. Tata Motors chairman Ratan Tata said initially, three Jaguar and two Land Rover models would be available in the country.
Tata Motors launches Jaguar, Land Rover in IndiaJune 28th, 2009 MUMBAI - Tata Motors, one of India's top automobile manufacturers, launched its Jaguar, Land Rover brands in India on Sunday. Addressing a press conference here on the occasion, Ratan Tata, the chairman of the Tata Group, said: "It's quite a memorable day in the history and heritage of Tata Motors...JLR has been well received and well established in India (in the past), but over the years this brand has been disconnected from India."
"I think, the cars will exhibit the levels of technology and levels of performance here.
Tata says UK job cuts likely at Jaguar Land RoverJune 27th, 2009 LONDON - Tata Motors has said that more UK job cuts are likely at Jaguar Land Rover, which sent India's largest carmaker to a thumping loss for the year. Tata Motors vice-chairman Ravi Kant said JLR global sales for the 10 months to March fell by 32 percent to 167,000 vehicles from 246,000 the previous year.
Tata Motors 'to reject' Jaguar Land Rover dealMay 7th, 2009 LONDON - : Tata Motors, the parent company of Jaguar Land Rover, has said that it will reject a British Government loan guarantee needed to save the troubled British carmaker. A Sky News report said that Jaguar Land Rover received a final offer on a 450 million pound loan from the business department last week, but the Government wanted a 15 percent commission on the loan.
Jaguar Land Rover to hit Indian roads in JuneMay 1st, 2009 MUMBAI - Tata Motors-owned British luxury car maker Jaguar Land Rover (JLR) is set to launch its premium brands in the Indian market next month, the company said in a statement Friday. 'We are delighted to be formally entering the Indian market, an economy which is still growing appreciably, and able to offer our premium products to a whole new group of customers,' a JLR statement said.
TATA's Land Rover seeks 781 m pounds in UK Govt. loansApril 3rd, 2009 LONDON - Tata, the Indian owners of Jaguar Land Rover, are seeking 781 million pounds in Government and European loans to safeguard the company's future. Jaguar Land Rover is one of a number of companies looking to tap into the 2.3 billion pounds aid package promised by Lord Mandelson.
TATA-owned Land Rover offered 27 million pounds to produce 'Green Car'March 12th, 2009 LONDON - The British Government has offered a grant of up to 27 million pounds to TATA-owned Jaguar Land Rover for the production of a new 'green' car. According to a Sky News report, the company will make a decision later this year on whether to go ahead with the 400 million pound project at its factory at Halewood on Merseyside.
China in Jaguar Land Rover rescue act with 600 mn pound dealMarch 1st, 2009 LONDON - China has come to the aid of beleaguered Tata-owned Jaguar Land Rover carmaker with a massive order of 13,000 vehicles. The order, for both Land Rover and Jaguar cars and worth 600 million pounds, was described by Jaguar as 'very significant' and particularly welcome at 'this challenging time'.
Jaguar Land Rover cuts jobs at British plantsJanuary 13th, 2009 LONDON - Ailing British luxury carmaker Jaguar Land Rover is to axe 450 jobs, including those of 300 managers, as part of a cost-cutting scheme following a 'severe reduction' in demand for new cars, the company said Wednesday. The firm, which was bought by India's Tata group for 1.7 billion pounds ($2.5 billion) last year, employs a staff of 15,000 at plants in Britain.