Tata Motors eyes three-pronged strategy to reduce debt Jun 3, 2009
Incidentally, Tata Technologies has a managed services contract with Jaguar Land Rover [JLR] until 2013 to assist in the IT migration process from Ford to Tata Motors, according to the companys website ... The OEM market is still far from certain, as we still want to reassess the outlook on Jaguar Land Rover in terms of sales and profitability as well as investment if needed, he explained. (FT.com -- Markets)
World auto industry reshuffles amid crisis Jun 3, 2009
5 billion dollars) was offered to the Tata group, Indian owner of Jaguar and Land Rover. Sweden, home of Ford's Volvo division and GM's Saab division, has passed a 3. (Xinhuanet, China)
Car dealers left in the lurch May 30, 2009
Ford has benefited from its decision to leverage its assets for cash by selling non-Ford brands like Jaguar, Land Rover and Aston Martin, some two-and-a-half years ago when the credit markets were still open. Ford s foresight and willingness to take a risk left the company with $23. (Philadelphia Business Journal, PA)
Severn Trent annual profits fall May 29, 2009
The company supplies water across the Midlands and parts of Wales, a region that includes a number of Jaguar Land Rover plants that have cut production. It had already warned that the closure of High Street stores including Woolworths and MFI had also reduced water usage. (BBC News -- Business)
Tata Motors launches new line of trucks May 28, 2009
Tata Motors said Wednesday night that it completed refinancing of the $3 billion bridge loan it took out to finance its acquisition of Jaguar and Land Rover from Ford Motor Co. last year. A consortium of 21 banks agreed to extend the maturity of the outstanding $1 billion balance to Dec. 31, 2010. (OregonLive, OR -- Business)
Tatas get $1bn loan for JLR refinancing May 28, 2009
Tata Motors got a $1 billion loan to refinance debt used to buy Jaguar and Land Rover from Ford Motor Co, two people with knowledge of the matter said ... Tata Motors got a $1 billion loan to refinance debt used to buy Jaguar and Land Rover from Ford Motor Co, two people with knowledge of the matter said. (India Times, India -- Intl Business)
Tatas extend JLR bridge loan tenure May 28, 2009
MUMBAI: Tata Motors on Wednesday said that it has extended by 18 months the maturity of its $1-billion bridge finance loan that was taken to acquire Jaguar Land Rover ... Tata Motors on Wednesday said that it has extended by 18 months the maturity of its $1-billion bridge finance loan that was taken to acquire Jaguar Land Rover. (India Times)
City Motors sells Mazda franchise, will lose Jeep May 28, 2009
Flow already has moved Mazda to its Bridford Parkway dealership in Greensboro, which also includes the Buick, GMC and Land Rover brands. Don Flow, president of Flow Cos. (Triad Business Journal, NC)
Shuttle to try to land again after 2 days of rain (AP) May 24, 2009
Save $400 on your new Land Rover. Call or email for a Free Quote. (Yahoo News)
Developer Simon Bebb files for bankruptcy May 23, 2009
Bebb also has automobile lease claims totaling $121,000 from Land Rover, Jaguar and Mercedes-Benz, dating back to 1999. Two creditors have a combined $1. (Honolulu Advertiser)
Tata Motors Raises Rs 4.2k cr via debenture sale May 21, 2009
NEW DELHI: Auto Major Tata Motors on Wednesday said it has raised Rs 4,200 crore (about $880 million) in fresh debt for part repayment of its $3 billion bridge loan taken for acquiring Jaguar and Land rover. The company has raised the amount through sale of non-convertible rupee debentures, guaranteed by SBI, in four tranches with maturities ranging from 23 to 83 months, Tata Motors said in a statement. (India Times, India -- Intl Business)
Business.view: Marriages made in hell May 20, 2009
In BMW s case, it should have concentrated all its resources on reviving Land Rover and reinventing the Mini instead of lavishing resources on the dying Rover brand ... In 2000 BMW finally extricated itself, paying some former Rover managers to take the thing away, selling Land Rover to Ford and keeping Mini. (The Economist)
Tata Motors sells bon00004000ds; stock up 13% May 20, 2009
Tata Motors had bought UKs Jaguar and Land Rover brands last year, and is raising the funds to close a $1. 9 billion loan taken for the acquisition. (India Times)
As Detroit crumbles, China emerges May 19, 2009
Last year India's Tata Motors, already famous for its $2,000 Nano, acquired Jaguar and Land Rover. And China's auto sector has emerged as a threat to the long-standing pecking order. (MSNBC -- Business)
UK govt-JLR talks back on track May 18, 2009
LONDON/MUMBAI: The British government has said that it is in discussions with the Tata Group-owned luxury carmaker Jaguar Land Rover (JLR) on guaranteeing loans. While making it clear that the primary financial responsibility of the cash-strapped JLR rests with Tata Motors, the British government continues to hold confidential discussions with the company over both short- and long-term financing and business plans, an official at the department of business, enterprise and regulatory reform... (India Times)
Stars of the showroom May 16, 2009
Others, like the $37,915 Chevrolet Tahoe, $27,045 Hyundai Veracruz, $36,800 Lexus RX and two models from Land Rover, proved that crossover and sport-utility vehicles aren't going anywhere, even if they are getting a bit smaller. James Bell, the editor of Intellichoice. (MSNBC -- Business)
Sime unit rolls out four Alfa Romeo models May 9, 2009
Sime Darby Auto Connexion also manages the Ford and Land Rover brands. It launched a new 3S centre valued at nearly RM1mil in Petaling Jaya yesterday. (The Star Online, Malaysia -- Business)
Power Chrysler closes Motor Mile dealership May 9, 2009
Scottsdale has lost Scott Toyota, Nissan of Scottsdale, Scottsdale Jaguar and Land Rover Scottsdale from the Motor Mile. In March, Chapman moved its BMW dealership to Chandler. (AZCentral -- Business)
Indian Car Buyers Snap Up the Nano May 8, 2009
Tata Motors' unusual sales scheme for the Nano could ease some of its financial pressures related to $3 billion in short-term debt taken on by the company to acquire Jaguar and Land Rover from Ford in March 2008. Because buyers placing orders for Nanos were required to pay for their cars in full, Tata Motors India's largest car company is receiving a $507 million cash infusion. (Time.com)
UK still talking to Jaguar Land Rover on financing May 7, 2009
LONDON: The British government said on Wednesday that negotiations with luxury carmaker Jaguar Land Rover on guaranteeing financing are continuing despite reports that the talks were in trouble. The Department of Business, Enterprise and Regulatory Reform said the government is having confidential discussions with Jaguar Land Rover and its parent company, India's Tata Motors, on both short- and long-term financing ... The BBC said on its website that financial support for Jaguar Land Rover from... (India Times)
Tata Sons sells 1% in TCS to repay JLR loan May 7, 2009
Tata Motors had raised $3 billion last year to fund the purchase of Jaguar Land Rover as well as meet other capital requirements. The loan was raised with the help of a slew of banks, including Citigroup, JPMorgan, State Bank of India, Standard Chartered, BNP Paribas and Tokyo Mitsubishi UFH. It has repaid $1 billion, partly through funds raised from a rights issue last year. (India Times)
Ford's Volvo Unit Sale Said to Gather Pace as China's Geely Reviews Books May 7, 2009
Ford sold U.K.-based Jaguar and Land Rover to Indias for $2. 4 billion in June. (Bloomberg -- Asia)
Tata sells 203,000 Nanos, makes $512M May 6, 2009
It is still struggling to refinance $2 billion of the $3 billion loan it took out to purchase the Jaguar and Land Rover brands from Ford Motor last year. Copyright 2009 The Associated Press. (USA Today -- Autos)
An auto maker ‘clearly in a different place' May 2, 2009
Mr. Mulally was quick to dump non-core luxury brands Jaguar, Land Rover and Aston Martin, while buyers were still interested. Contrast that to GM, where its Saab subsidiary is in bankruptcy protection and Opel needs a bailout from European governments. (Globe and Mail)
Perfectly rugged May 1, 2009
The Land Rover is a vehicle built for adventure, so tied to a sense of exploration that it has come to embody a pioneering spirit around the world ... You guessed it: the Land Rover ... And, it appears, the Land Rover's reputation only continues to grow. (Globe and Mail)
Brand India fails to strike a bond with Modern India Apr 28, 2009
It was also responsible for the resistance that Tata faced in buying global luxury brands like Orient-Express , Land Rover, and Jaguar. The U. dealers of Jaguar objected to Tata as a potential owner of the brand. (India Times)
Ford outlook optimistic Apr 28, 2009
Ford sold its Aston Martin, Land Rover and Jaguar lines in 2008. It also reduced its stake in Mazda and is looking to sell Volvo. (Helena Independent Record)
Satyam takes Mahindra's M&A success rate to 89% Apr 15, 2009
The Mahindras failed to make an impression on the Jaguar and Land Rover management, and was also rumoured to be eyeing Volvo Car Sint-Truiden, a Belgium-based manufacturer of automotive parts and engines, according to Thomson Reuters. Tech Mahindra, made only three bids during the period, and clinched them all. (India Times)
Nanomania sweeps India Apr 15, 2009
That will be a useful lift for the cash-strapped company, which by June has to service $2 billion of a $3 billion loan incurred in buying British car brands Jaguar and Land Rover. Tata is struggling with production problems for the Nano, which was unveiled in January 2008. (Asia Times Online)
Mars rover Spirit has unexplained computer reboots Apr 14, 2009
Land Rover specialists in downtown Oakland since 1989. Fix Rover Suspension 4 Less Land Rover Suspension Secrets. (Yahoo News)
Jaguar close to 800m loan Apr 12, 2009
JAGUAR LAND ROVER is in advanced talks with ministers, banks and its owner, Tata of India, on a 800m refinancing that should ease worries about it running out of cash this year and safeguard 15,000 jobs ... The sources said ministers had agreed to guarantee about 75% of the EIB money, with Jaguar Land Rover having to put up assets property, factories and stocks of cars as security for the rest ... Other Jaguar Land Rover assets will have to be pledged to raise the rest of the money. (New York Post -- Business)
Jaguar close to 800 million loan Apr 12, 2009
LONDON: Tatas-owned Jaguar Land Rover is in advanced talks with the British government and banks on a 800 million pounds refinancing that could help the company on stream and save 15,000 jobs ... Tata bought Jaguar Land Rover from Ford in June last year for 1 ... In March, Jaguar sales were down 30% compared with the same month last year, while Land Rover sales were down 37. (India Times, India)
SUVs, crossovers rule NYC auto show Apr 11, 2009
Included in the array of new car announcements were the Mercedes-Benz ML450, Jeep Grand Cherokee, a revised line of Land Rovers, GMC Terrain, GMC Yukon Denali Hybrid, high-performance M version of the BMW X6, Mitsubishi Outlander, Subaru Outback, Mazda CX-7 and Mazda CX-9 ... Land Rovers are known for their ability to conquer the grasslands of the African savanna, but the company is also striving to tout their ability to defeat a gas station ... Updates to the companys signature... (MSNBC -- Business)
Automakers Unveil More Economical, Fuel-Efficient Models at New York Auto Show Apr 10, 2009
The British-cum-American-cum-Indian SUV company, Land Rover, announced it too would be sharing the 5. 0 liter V8 from sister company Jaguar. (Fox News)
Inside Games: Codemasters Apr 10, 2009
Companies have been tightening their belts, property prices are in freefall, and car firms, such as Ford and Land Rover, have been laying people off. But amongst the gloom, there is one firm that is still doing rather well: jump in a taxi outside the station and the first thing they ask is if you are going to visit Codemasters. (BBC News -- Technology)
New cars debut, minus some glitz Apr 9, 2009
Mercedes-Benz debuted four vehicles, including a high-performance version of its E-Class sedan and two hybrid models, while Land Rover unveiled a trio of new models. Scion brand showcased a concept based on its iQ microcar, and Acura unveiled the ZDX, a sport sedan that luxury brand said will go on sale this fall. (Boston Globe)
JLR to get loan for green cars Apr 9, 2009
LONDON: India's Tata Group-owned Jaguar Land Rover will receive 366 million (about Rs 2,450 crore) from the European Investment Bank for making fuel efficient cars with low carbon emissions ... Jaguar Land Rover and Nissan, which was forced to lay-off 1,200 staff at its Sunderland plant earlier this year, will not be able to get the cash until the loan is guaranteed by the government ... A spokesperson for Jaguar Land Rover said talks on this were progressing and anticipated that it "could... (India Times)
My Car: If it's good enough for Her Majesty ... Apr 9, 2009
It attracts attention not all of it good but celebrity chef Ken Kostick loves the durability and power of his Land Rover ... That's probably why he drives a 2002 Land Rover Range Rover SUV. ... It attracts attention not all of it good but celebrity chef Ken Kostick loves the durability and power of his Land Rover. (Globe and Mail)
Is General Motors gasping under a mountain of governmental red tape? Apr 8, 2009
Land Rover (British) ... dyan wrote on Apr 2, 2009 10:48 AM:" I'm referring to an average over the last 10 years as CU rankings change on an annual basis. It is true that Chrysler has not done as well as other makes (Also German owned at one time)and Toyota and Honda remain consisently in the top five. The worst this year? Land Rover (British). Mercury and Lincoln beat Volvo and Porsche. ". (Lodi News Sentinel, CA)
UK car firms tipped to get funds Apr 7, 2009
The European Investment Bank is expected to approve significant funding for two car makers in Britain, Jaguar Land Rover and Nissan, later. Jaguar Land Rover has applied for around 270m to invest in research and technologies to develop more environmentally friendly cars. (BBC News -- UK)
* Tata unveils worlds cheapest car Apr 5, 2009
The launch has come as Indias top vehicle maker is going through a rough patch as it tries to absorb British luxury marques Jaguar and Land Rover, which it bought last year and whose sales have plunged. Despite its expected popularity, analysts say the Nano will not make a big contribution X at least in the early years X to the companys bottom line with profit margins seen slim. (Taipei Times, Taiwan -- Sports)
Land Rover loan 'to be approved' Apr 5, 2009
Land Rover loan 'to be approved ... Staff at Jaguar Land Rover have been working a four-day week ... Jaguar Land Rover will get approval for a loan of 270m (300m euros) from the European Investment Bank on Tuesday 7 April, the BBC understands. (BBC News -- UK)
European Investment Bank prepares... Apr 4, 2009
Jaguar Land Rover and Nissan's Sunderland factory could be awarded hundreds of millions of euros next week for green technology development ... Jaguar Land Rover, which is also seeking an additional 500 million in loan guarantees from the Government, has asked the EIB for 300 million ... Jaguar Land Rover, which is owned by Tata, the Indian conglomerate, has said that a 500 million package of loan guarantees from the Government is needed for its operations in the West Midlands and on... (New York Post -- Business)
Need to know: Rolls-Royce contrac... Apr 4, 2009
Loans to carmakers: Jaguar Land Rover and Nissan s Sunderland factory are expected to be awarded hundreds of millions of euros in loans next week in the first round of green technology development money for the UK car industry. Merck: The German pharmaceutical and chemical company said that it would curb pigment production in Germany, the US, Japan and China, while it expects 2009 to be a difficult year overall. (New York Post -- Business)
* Obama shakes global car industry Apr 3, 2009
Indias Tata will X if it survives its expensive Jaguar Land Rover takeover X dominate the landscape, and in South Korea Kia is likely to emerge as the big player, with Hyundai X linked to GM X on a funeral pyre. Wagoner was fired by Obama because he had failed to lay the ground for the green revolution and had driven what was the worlds biggest carmaker for 80 years into a brick wall as it ran out of cash. (Taipei Times, Taiwan -- Sports)
Payback: Vick's bankruptcy plan open for court scrutiny Apr 2, 2009
The vehicles include a 2007 Land Rover, a 2008 Infinity truck and a 2007 Lincoln Navigator. His bankruptcy plan says he still owes $58,000 for the Land Rover and $27,500 for the Navigator. (USA Today -- Sports)
Paris On Sale Apr 1, 2009
Tata For Land Rover And Jag Tata closes the deal with Ford for the luxury auto brands for $2. 3 billion. (Forbes -- Business)
A lesson for Detroit - Tata Nano Apr 1, 2009
It promises to make Tata a well-known name, even as the recent acquisitions of Jaguar and Land Rover have weakened the company financially. The Nano's dramatically lower price harks back to origins of other radical innovations that reshaped various markets. (San Francisco Chronicle -- Opinion)
What do you think of proposed new car fee? Apr 1, 2009
Yes, if you can afford a Land Rover, you can afford to pay (or finance) the additional tax (just as you would have needed to be able to afford to pay the higher ad valorem taxes under the old system). What is the logic in making middle class people pay more for the vehicles they need to do their jobs, while letting wealthy people pay less for their LUXURY vehicles. (Atlanta Journal-Constitution -- Opinion)
Fuel tax rise to raise household... Apr 1, 2009
Fuel tax rise to raise household bills by 54 - Times Online. The finest daily football bulletin. (New York Post -- Business)
Nano, at $2,200, is world's cheapest car Mar 30, 2009
Tata Motors, which last year bought Jaguar and Land Rover, has seen its debt soar in recent months, like other carmakers around the world. To help ease its cash squeeze -- the company suffered its first loss in seven years last quarter -- it is taking sizable advance deposits. (OregonLive, OR -- News)
Welcome to the Bizarro World Mar 28, 2009
The U.S. has finally broken through a wall of prejudice and elected the first African American president, Jaguar and Land Rover are Indian car companies, Japan just beat Korea in a World Baseball Classic Championship Game from which the U.S. was shut out, and the very best basketball player in the world is Jewish. Ok, of all these things, only the last one isn't true. (Slate)
Recalled: 90,000 Fords Mar 27, 2009
It recently sold the Jaguar and Land Rover brands and is looking for a buyer for Volvo. Search by keyword. (Sydney Morning Herald -- Technology)
The Tata Nano: The new people's car Mar 27, 2009
3 billion purchase of Jaguar Land Rover (JLR), a British premium carmaker, which must be either repaid or refinanced in June ... We had a strong start to 2008, with record sales, says David Smith, JLR s chief executive, 2007 was Land Rover s third record year, we made 327m profit, and more in the first half of 2008, so we were very profitable ... Land Rover, the cash cow of the group for several years, has seen sales slide by a third. (The Economist)
S&P cuts Tata Motors ratings over cash flows Mar 26, 2009
Tata Motors is on track to refinance the remaining $2 billion of bridge loan facility it took to buy Jaguar-Land Rover, which is due on June 2. The company also had high level of short-term debt as recently as December 31, 2008. (India Times, India -- Intl Business)
Ratan Tata warns of jobs cuts at Jaguar Mar 26, 2009
The Indian conglomerate acquired Jaguar Land Rover for about $2. 3 billion last year. (India Times)
Ford holds talks on sale of Volvo car unit Mar 26, 2009
Ford, grappling with the deepest downturn in U.S. auto sales in 27 years, has already sold the rest of its premier auto group, Aston Martin, Jaguar and Land Rover. Weve had contact with a number of parties whove expressed interest concerning the future of Volvo Car. (International Herald Tribune -- Business)
Web Store's 100,000 Colors Make Car Touch-Ups Easy in Tough Economic Times Mar 26, 2009
So what does it cost to acquire custom-mixed color touch up paint for your 2009 Honda Accord, '55 Chevy, 1998 Land Rover, or whatever car you happen to own. "Surprisingly little," says Thurnau. (Yahoo News -- Press Releases)
Tatas' funding woes Mar 25, 2009
MUMBAI: Tata Motors looks set to harness massive demand for its Nano, the world cheapest car, helping it raise funds to cover bridge loans for last year's purchase of the luxury Jaguar and Land Rover brands ... Before the credit crunch hit last year, Tata bought Jaguar and Land Rover -- and the residual $2 billion of bridge loans on that deal falls due in June. (India Times)
Market not overly bullish over Tata's Nano Mar 25, 2009
The stock recently saw a new bottom at Rs 135 over its Jaguar and Land Rover acquisition. On Monday, the stock closed at Rs 166. (India Times)
Tata May Garner as Many as 500,000 Orders for Nano, World's Cheapest Car Mar 25, 2009
March 25 (Bloomberg) -- , the Indian maker of Jaguar and Land Rover luxury vehicles, may get as many as 500,000 orders for the Nano, the worlds cheapest car, five times more than it initially plans to sell, analysts said. Bookings for the may range from 120,000 during the first two-week sales period before 100,000 buyers are allocated by lottery, according to a poll of six surveyed by Bloomberg. (Bloomberg -- Asia)
Tata pins hopes on world's cheapest car Mar 24, 2009
The launch comes at a tough time for India's top vehicle maker, hit by the slowdown and credit crunch when it is trying to absorb the British luxury marques Jaguar and Land Rover, which it bought last year for $2. 3 billion (R22 billion). (Business Report, South Africa)
Report: From the launch function of the Nano Mar 24, 2009
Despite the significance of the event, Tata Motors has major operational problems to contend with, the most notable being managing the acquisition of struggling British brands Jaguar-Land Rover ... Moodys Investors Service and Standard s recently downgraded the company due to falling sales and the requirement to generate revenue to refinance $2 billion which it raised for acquisition of Jaguar and Land Rover by June. (India Times)
ABC News Takes India's Tata 'Nano' for a Test Drive Mar 24, 2009
It is reportedly struggling to make payments on loans it took out to fund its recent purchase of British carmakers Jaguar and Land Rover. owner Ratan Tata was inspired to create the Nano when he saw families riding on motor scooters in the rain; he wanted to build something affordable to protect them from the elements. (ABC News)
* Indias Tata Motors to launch ultra-cheap Nano car Mar 23, 2009
63 billion rupees for the October-to-December quarter, and it has been struggling to refinance the remaining US$2 billion of a US$3 billion loan it took to buy the Jaguar and Land Rover brands from Ford Motor Co in June. Even the launch of the Nano has been scaled back. (Taipei Times, Taiwan -- World Business)
