10 Votes

Jaguar and Land Rover Ask British Government For Assistance

Agent009 submitted on 11/24/2008 Official Bell & Ross Timestamp: 10:13:38 AM

13 user comments | Category: Misc News | Source: | SOURCE: www.drive.com.au

Jaguar Land Rover, owned by Indian group Tata Motors, is in talks with the British government about a sizeable loan to prop up the employer of thousands of workers in Britain, a report said on Sunday.

The Sunday Times newspaper said Jaguar Land Rover (JLR) was in talks regarding a loan of STG1 billion ($A2.42 billion).

The iconic brands Jaguar and Land Rover together employ about 15,000 workers in Britain, whose car industry like the US auto sector is suffering at the hands of a global economic slowdown.

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What the hey! Isn't this sort of like blackmailing the UK gov. If no bailout, face massive unemployment.
— woood (View Profile)

Posted on 11/24/2008 11:34:44 AM | reply to this comment | Votes: 1

The UK should tell Tatas to go ask India for money. I'd like to see how many Jags and Rovers sell if they're assembled on the sub-continent and how much they'd go for then.

Tata can't afford to have anyone but the British build these two cars.

These stupid G20 countries suddendly think they're all important because they can sell cheap goods and services.
— huu76 (View Profile)

Posted on 11/24/2008 11:43:09 AM | reply to this comment | Votes: -2

It's the workers of the UK that will suffer, that's why the british government should care about it.
— M35MT (View Profile)

Posted on 11/24/2008 12:48:27 PM | | Votes: 4

You do realise that without these "G20 countries" "1st world" countries wont exist because they wont have resources and everything will be 10 times more expensive?
— M53R (View Profile)

Posted on 11/24/2008 3:19:52 PM | | Votes: 5

They need to send all their employees to the service departments worldwide. That is where these cars spend their whole life.
— cdhzhp (View Profile)

Posted on 11/24/2008 11:55:47 AM | reply to this comment | Votes: 0

my only issue with this is that these 2 were doing poorly during the tiem that everyone else was doing well. So for them it isnt simply the economy is bad, they have been falling apart for years, with poor sales.
— bmwdrvr (View Profile)

Posted on 11/24/2008 1:33:07 PM | reply to this comment | Votes: 1

Do not blame them, they were owned by Ford during the good days.
It was not really JLR's fault, but to be frank BMW kind of raped them too.
What I cannot comprehend is that Tata kept all the Ford guys in key position when Ford Managers were the ones who ran the company in the ground.
— LDMAN (View Profile)

Posted on 11/24/2008 2:38:03 PM | | Votes: 1

Well if you use that logic, then the German government might have to step in and save BMW at the rate BMW is going right now.
— VISO (View Profile)

Posted on 11/24/2008 4:46:48 PM | | Votes: 0

lol i guess saying that was suppose to be an attack on me since it had BMW in it....grow up......moving on, the fact is Jaguar was way worse off without Ford, Ford gave them new capital produce new cars, and new lines, not to mention Jaguar cars had a huge improvement in quality and reliability under Ford ownership....the big issue was they were unsure on had to add new models,and to the cautious route by sticking to Jaguar's past to produce vehicles. Land Rover was aided by BMW, the new Range Rover based on teh X5 helped them immensely lets not forget that, and to put BMW in perspective,while Jaguar was failing they were still one of teh best selling makes here, and they have the title for best sellerin how many categories currently...so trash BMW if you want, but Jaguar and Land Rover, has been a sinking ship for decades
— bmwdrvr (View Profile)

Posted on 11/24/2008 10:37:10 PM | | Votes: 0

The Range Rover and X5 share no architecture other than a Nav system.
— M35MT (View Profile)

Posted on 11/25/2008 9:26:24 AM | | Votes: 1

Shouldn't they ask help from India as well? Isn't Titi loaded?
— VISO (View Profile)

Posted on 11/24/2008 4:45:47 PM | reply to this comment | Votes: 1

BMW raped landrover for sure.. voila.. X3,X5 was born.. they kept the love child..
— mpls (View Profile)

Posted on 11/24/2008 5:33:52 PM | reply to this comment | Votes: 0

Way to go.. lets evryone ask for tax payers money.. then who''ll pay the tax.. blame the greedy bankers - filthy bonuses and salaries
— mpls (View Profile)

Posted on 11/24/2008 5:35:09 PM | reply to this comment | Votes: 1

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Jaguar and Land Rover Ask British Government For Assistance

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