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The Pub For General Automotive Related Talk |
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30-10-2010, 10:05 AM | #1 | ||
FF.Com.Au Hardcore
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Location: Central Q..10kms west of Rocky...
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British car plants making Jaguars and Land Rovers have been saved with a £5billion investment from their Indian owner.
The massive injection of funds by Tata will save thousands of jobs and create many more, including 1,500 at the Halewood plant on Merseyside. Two other manufacturing sites which had been under threat, at Castle Bromwich and Solihull in the West Midlands, will also be retained. Saved: The Land Rover will continue to be built in Britain after the cash injection Jaguar Land Rover said the number of models in its range will now be ‘significantly increased’. The firm has already unveiled a ‘baby Range Rover’, the Evoque, which is being built at Halewood and will on sale next summer. And bosses have agreed a ‘landmark’ two-year pay deal with trade unions worth 5 per cent from next month, with a further rise of 3 per cent from November next year. Jaguar Land Rover chief executive Ralf Speth said: ‘This is a triumph for all concerned. ‘Our parent company Tata supported us through the recession and our employees also made sacrifices but now we are seeing a great turnaround in the business and everyone involved.’ The Unite union said it was ‘fantastic news’ for the company and its workers. And Jack Dromey, Labour MP for Birmingham Erdington, which covers the Castle Bromwich plant, said it was ‘good news in bleak times’.
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30-10-2010, 12:00 PM | #2 | ||
Regular Member
Join Date: Jan 2006
Location: Adelaide Hills
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This comes as a big surprise to me. They both have some of the best vehicles in their class (IMO). I thought they where going gangbusters. Good news as I do like the Disco 4 & RR Sport.
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30-10-2010, 12:58 PM | #3 | ||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,411
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And that's why Ford dumped its PAG luxury brands, they chew up heaps of capitol.
Ford decided that they did not want to pay for this product cycle so sold J/LR to Tata for around $2 billion and thus avoided having to spend around $7 billion. That right there is a $9 billion turn around for Ford.... |
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30-10-2010, 01:07 PM | #4 | ||
FF.Com.Au Hardcore
Join Date: Dec 2006
Location: Melbourne
Posts: 4,523
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Great news for JLR and the motor industry in general.
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Oooh baby living in Miami....
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31-10-2010, 12:31 PM | #5 | |||
FF.Com.Au Hardcore
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31-10-2010, 12:45 PM | #6 | ||
FF.Com.Au Hardcore
Join Date: Aug 2005
Location: Melb.
Posts: 4,483
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Does Tata expect a ROI?
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31-10-2010, 08:12 PM | #7 | |||
FGX XR8
Join Date: Jan 2008
Location: Melbourne
Posts: 702
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31-10-2010, 08:23 PM | #8 | ||
Starter Motor
Join Date: Oct 2010
Posts: 29
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very good news for britain especially with the way things are going here.
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01-11-2010, 03:45 PM | #9 | ||
NC Fairlane Ghia
Join Date: Nov 2005
Location: Melbourne
Posts: 535
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one of the biggest differences here is that Tata is not pressed by its shareholders for short term proffits. As shown by Tata before, they are quite willing to put in the money and keep the company going.
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01-11-2010, 03:50 PM | #10 | |||
Pity the fool
Join Date: Jan 2007
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Fords I own or have owned: 1970 XW Falcon GT replica | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWD Proud to buy Australian and support Ford Australia through thick and thin |
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01-11-2010, 03:52 PM | #11 | |||
Meep Meep
Join Date: Mar 2007
Location: Southside
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Thundering on.... |
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01-11-2010, 05:18 PM | #12 | |||
FF.Com.Au Hardcore
Join Date: Jan 2010
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The world has changed for J/LR and Volvo, those types of vehicles will struggle to get good returns for their new owners but Ford has 9 year supply contract for power trains to J/LR and similar for Volvo..... |
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02-11-2010, 12:08 AM | #13 | ||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
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Land Rover is a complete basket case, inovative products but hopeless product reliablity.
BMW purchased them and ended up "borrowing" 4WD expertise for their X5 range rather than continue with Land Rover. Despite BMW's best efforts it was too hard to bring Land Rover up to modern day reliability. BMW lost billions of dollars on the deal and on-sold Land Rover to Ford. Ford spent even more billions of dollars trying to get Land Rover right and still failed. Ford have now on sold Land Rover to Tata. If two of the bigger, better and well established car companies with all their resources can not make Land Rover work, then what hope does Tata have? |
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02-11-2010, 12:14 AM | #14 | ||
I was correct - AGAIN
Join Date: May 2010
Location: Third rock from the sun
Posts: 1,801
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Allan Mullaly was a genius to off load these companies when he did. Jaguar ate so much money in the two decades Ford owned the company and Ford got very little in return.
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02-11-2010, 06:21 AM | #15 | ||
FF.Com.Au Hardcore
Join Date: May 2005
Posts: 1,138
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http://www.wired.com/autopia/2010/10...mium-vehicles/
Excellent!! Looks like Jaguar is pioneering KERS, an ingenious alternative to heavy hybrid systems. Which means LR will probably get a variant too. There was recent talk of JLR using Lotus' 3 cylinder range extender, but I suspect it has gone quiet. With those two, Jaguar would take Lexus,VAG (lol), BMW and Mercedes to school with eco-lux cars. Tata could really benefit from using JLRs British engineers and facilities too. Since Aston is pushing the envelope of taste with Cygnett, I reckon Jaguar could get away with a re-trimmed Tata Nano based Jag. Like the original Mini (and tastefully executed RR/VdP Minis), it seems to have enough egalitarian appeal to pull it off IMHO. Someone ought to photoshop one for laughs. |
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02-11-2010, 07:29 AM | #16 | |||
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I always wondered what Tata were thinking buying something that they knew would not be profitable, they got the XF and part of the XJ paid for by Ford but now they are on their own. I would have liked to have seen LR go back to BMW and Jag somewhere similar, I'm not sure Tata knows how to handle the brands, besides throwing money at them. |
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02-11-2010, 08:26 PM | #17 | |||
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Homer as Ford Trampoline as Land Rover Krusty as BMW "Hey Krusty, I'm bringing back the trampoline" Krusty grabs shotgun and says, "You just keep right on Driving.." Enjoy...\The Simpsoons - Trampoline Nightmare |
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02-11-2010, 08:33 PM | #18 | |||
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03-11-2010, 04:39 AM | #19 | |||
FF.Com.Au Hardcore
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03-11-2010, 07:23 AM | #20 | ||
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Location: Neutral Bay, NSW. Born and Bred in the RSA!
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They are not flying as high as everyone thinks. Even lexus took a tumble last month
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03-11-2010, 01:49 PM | #21 | |||
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