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Thread: Jaguar Land Rover in trouble

  1. 19th December 2008, 11:30 AM #1
    Chucaro's Avatar
    Chucaro
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    Jaguar Land Rover in trouble

    Sorry if someone posted it before.
    Looks like that Land Rover is in trouble in UK
    Links with information are HERE and HERE

    I hope that it is not the beginning of the end
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  2. 19th December 2008, 11:51 AM #2
    waynep
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    Probably no worse than any other car maker at the moment.
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  3. 19th December 2008, 11:58 AM #3
    miky Guest
    Up on the BBC news site back on 24th November.

    Latest was on 18th Deccember 2008
    HERE

    Of interest was:
    Ford bought Jaguar in 1989 for £1.6bn, and Land Rover in 2000 for £1.8bn. The combined cost of £3.4bn was double what it sold them for.

    So... did TATA get a bargain?
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  4. 19th December 2008, 11:58 AM #4
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    I think Tata is probably one of the safer owners for a car maker to have at the moment, they have a lot of money and are somewhat shielded by the financial crisis being based mostly in India. Land Rover should pull through i imagine
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  5. 19th December 2008, 12:00 PM #5
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    I hope so, they are chasing only 1 billon in shares so it is not much compared with the companies in USA
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  6. 19th December 2008, 12:07 PM #6
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    From the horses mouth why they feel they need the money.

    Jaguar Land Rover chief explains why motoring icon must have Government aid - Birmingham Post
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  7. 20th December 2008, 08:07 AM #7
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    And the G4 Challenge has been cancelled:

    Land Rover G4 Challenge Cancelled - Land Rover UK Forums
    Mahn England

    DEFENDER 110 D300 SE '23 (the S M E G)

    Ex DEFENDER 110 wagon '08 (the Kelvinator)
    http://www.aulro.com/afvb/members-rides/105691-one_iotas-110-inch-kelvinator.html

    Ex 300Tdi Disco:


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