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.
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.
Tata's Jaguar to end X-Type car production, sack 300 employeesJuly 15th, 2009 LONDON - Tata-owned Jaguar has decided to end the production of its X-Type car by the end of 2009, which would result in 300 job cuts. The carmaker announced on Wednesday that it would be seeking voluntary redundancies at its factory in Halewood, Merseyside, which is also to close for three weeks as part of an extended shutdown starting in September because of "ongoing weaknesses" in the industry.
Tata-owned Jaguar hopes to survive recession with new modelJuly 10th, 2009 LONDON - Struggling car maker Jaguar has unveiled a new model-the Jeff Randall Live-in hope of rcovering its losses. According to co-owner, Tata Motors, Jaguar has been losing one million pounds a day for the last ten months.
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.
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.
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.
AP source: General Motors will close 9 more plants, idle 3 others as part of reorganizationJune 1st, 2009 AP source: GM will close or idle 12 more plantsDETROIT — A person familiar with General Motors' plans says the automaker will permanently close nine more plants and idle three others to trim production and labor costs under bankruptcy protection. Assembly plants in Pontiac, Mich., and Wilmington, Del., will close this year, while plants in Spring Hill, Tenn., and Orion, Mich., will shut down production but remain on standby.
GM to temporarily shut parts plants due to closures of vehicle-making factoriesMay 8th, 2009 General Motors to temporarily shut parts plantsDETROIT — General Motors Corp. will temporarily close all or portions of 23 engine, transmission and parts factories across the U.S.
Jaguar Land Rover to make India debut this yearMay 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 later this year, 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 owned Jaguar rescue bid in doubt due to warring Brit departmentsApril 30th, 2009 LONDON - The wrangling between the Treasury Department and the Lord Mandelson-led Business Department might delay an 800 million pound emergency package for the Tata owned Jaguar Land Rover. Jaguar Land Rover executives fear that even if they can agree terms with the Treasury for the refinancing it may be months before they receive the cash.
Skoda voted No.1 car in UK, Jaguar rated most satisfyingApril 16th, 2009 LONDON - Skoda has beaten motoring's elite to be voted the UK's number one car brand and British-built Jaguar XF became the most satisfying new car to own. The Czech manufacturer has Britain's happiest and most satisfied owners, according to a survey.
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.
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.
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