Jaguar Land Rover (JLR) has said it will close one of its plants in the West Midlands after 2014 in a cost-cutting move that follows deep financial losses that have hurt Tata Motors' bottom line. |
- Related items
|
JLR - Blog (24th September 2009) I guess it's not that surprising to hear that JLR is taking a plant out. Some consolidation of operations has looked on the cards in the light of the division's losses, the severity of the recessio... UK: Union claims JLR reneged on pension deal - Article (24th September 2009) The key union representing Jaguar Land Rover (JLR) workers has accused the Tata Motors-owned automaker of not upholding an earlier agreement over the final salary pension scheme in its new business plan announced on Thursday and blamed management for the company's present financial state. UK: Tata to raise cash for JLR unit - Article (1st September 2009) Tata Motors plans to raise at least GBP100m (US$162m) for its UK car-makers Jaguar and Land Rover, according to the Financial Times, citing Tata vice-chairman Ravi Kant. INDIA/UK: JLR sales slump drags Tata to loss - Article (1st September 2009) Slumping sales of Jaguars and Land Rovers saw owner Tata Motors post a 3.3bn rupee (US$68.4m) consolidated loss for the June quarter against year-ago profits of 7.2bn rupees. Year-ago numbers don’t include JLR which Tata bought from Ford in June last year. UK: Government 'welcomes' Tata's JLR funding solution - Article (11th August 2009) The UK Government today welcomed news that Tata has secured private sector funding for Jaguar Land Rover’s (JLR’s) short term financial needs and that UK Government support for the car manufacturer is not now needed. INDIA: Tata appoints JLR consultants - Article (28th July 2009) Concerned at the performance of the loss-making unit acquired last year, Tata Motors has appointed two consultants to advise Jaguar Land Rover (JLR) on cost cuts, set targets for breaking even and using cash flow effectively. UK: JLR books 2008 loss - report - Article (27th July 2009) Jaguar Land Rover's plunged into loss in 2008 but is on track for a UK government loan guarantee once details are ironed out. |
