Tata-owned Jaguar hopes to survive recession with new model

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.

September 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.

August 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.

July 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.

July 19th, 2009 LONDON - British Business secretary Lord Mandelson has warned Tata Motors, the owner of Jaguar Land Rover (JLR), to accept a revised proposal to guarantee hundreds of millions of pounds in short-term funding or risk seeing it taken off the table. Following a fresh funding proposal that was made by the British Government earlier this month, Mandelson warned Tata Motors recently.

July 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.

July 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.

June 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.

May 10th, 2009 LONDON - Tata Sons Chairman Ratan Tata says he may have overstretched himself in paying 1.15 billion pounds for Jaguar Land Rover just as a recession loomed. 'If one had known there was going to be a meltdown, then yes [Tata went too far] but nobody knew,' he told the Sunday Times newspaper in an interview.

May 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.

April 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.

April 12th, 2009 LONDON - Carmaker Jaguar Land Rover (JLR) is in 'advanced talks' with British ministers, a banking syndicate and owner Tata Motors on a 800 million pound loan that could help save 15,000 jobs, a newspaper reported Sunday. The Sunday Times quoted unnamed sources as saying negotiations were at a delicate stage, and hinged on whether JLR could provide sufficient loan security to the government and a banking syndicate led by the Royal Bank of Scotland and Lloyds TSB.

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.

March 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'.

January 6th, 2009 LONDON - Tata-owned Jaguar has given the XF luxury saloon a more powerful diesel engine which is said to save fuel at the same time. The 3 litre, six-cylinder turbo diesel unit in the XF Diesel S replaces the current 2.7-litre unit, boosting performance by 33 percent.