Women Who Mean Business: Maria Dunning, Executive of the Year Oct 22, 2009
of employees: 220What the company does: Sells and services Mercedes-Benz, BMW, Jaguar, Honda, Mini Cooper, Land Rover and Smart brandsRecession proof. In this economy, luxury-car franchise dealers in this area are not suffering, Dunning says. (Albany Business Review, NY)
Today's rugged Land Rovers sprang from World War II jeeps Oct 16, 2009
The Land Rover was invented by a Rover exec who was using a World War II jeep at his estate ... Photo of Land Rover Defender fording a raging river in this 1995 file shot. (USA Today -- Money)
Mark DelaVega Oct 15, 2009
Before his illness and hospitalization, Mark was employed by Land Rover in the port city of Brunswick, as port manager, a job which he enjoyed very much. Mark loved to hunt and fish and spent many hours in the mountains and by the streams enjoying the outdoors, often in the company of dad. (Williston Daily Herald, ND)
Volkswagen defies recession; Group's communications, the trump card Oct 14, 2009
He adds that VW has the financial muscle to persist with its acquisitions , unlike US manufacturers such as Ford, which jettisoned Jaguar and Land Rover after getting into financial difficulties. In addition, unlike other mass-market car marques such as Renault and Peugeot, the core VW brand has continued to thrive in Europe , and is alone in holding a market share of at least 10. (India Times)
Tata Motors mops up $750m to repay debt Oct 10, 2009
In addition to the GDR, the country's largest truck manufacturer has raised another $375 million through convertible bonds to pay off the balance of the short-term loan it took for buying Jaguar and Land Rover (JLR). It had earlier repaid a substantial part of the $3 billion short-term loan through rights issue, non-convertible debentures and selling part of its investment portfolio. (India Times, India)
Manso-Nkwanta pleads for Police car Oct 10, 2009
The district boasts of only one aged, rickety police Land Rover, which often breaks down and cannot travel long distances. The people expressed the sentiment when the Ashanti Regional Minister, Mr Kofi Opoku-Manu, paid a working visit to the area. (Ghana Web, Ghana)
Tata Motors Raises $750 Million Selling Securities to Pay Off Jaguar Debt Oct 10, 2009
Oct. 9 (Bloomberg) -- , Indias biggest truckmaker, raised $750 million selling securities, allowing it to finish paying off debt from the takeover of Jaguar Land Rover ... The automaker needs to repay the final $700 million of a $3 billion bridge loan it took to purchase Jaguar Land Rover, according to the statement ... Jaguar Land Rover also arranged a 175 million-pound ($280 million) loan from the State Bank of India, completing a 500 million pound financing this year, it said Oct. 7. (Bloomberg -- UK)
Tata Motors raises $750 million Oct 10, 2009
MUMBAI: Indias largest commercial vehicle maker Tata Motors has raised $750 million (about Rs 3,600 crore) through global depository issues (GDRs) and convertible bonds to pay off rest of the debt it incurred for acquiring UKs iconic brands Jaguar and Land Rover ... India's largest commercial vehicle maker Tata Motors has raised about Rs 3,600 cr through GDRs and convertible bonds to pay off rest of the debt it incurred for acquiring Jaguar and Land Rover. (India Times)
New luxury cars rev up horsepower, style Oct 9, 2009
Now owned by India's Tata Motors, like Jaguar, Land Rover swaps out its poor-selling LR3 SUV for the 2010 LR4 ... Land Rover loads up the vehicle with electronic aides such as integrated iPod, Bluetooth and five-camera views of the LR4 periphery. (The Augusta Chronicle)
Private Equity Wants Swedens Volvo Money Oct 6, 2009
Geely would probably try to do something with the brand, somewhat like what Indias Tata Motors plans for its premium acquisitions from Ford last year, Jaguar and Land Rover. Crown, on the other hand, could be angling for , money that could be used to dress Volvo up for a price closer to what Ford paid, and above what Crown put in. (Slate)
Cops on Land Rover death Oct 5, 2009
Article By: Nathan Adams Sun, 04 Oct 2009 15:53 Cape Town police say they have ruled out foul play after a body was found in a burnt out Land Rover 4x4 in Goodwood on Sunday morning ... Firefighters were called out when a Land Rover parked outside a house in Goodwood caught fire. (iAfrica.com)
Brand clarity the most important thing: Ford CEO Oct 2, 2009
Since he assumed charge at Ford three years ago, he has taken the company out of bankruptcy, hawked assets like Jaguar, Land Rover and Aston Martin for $23 ... Two years ago, Mulally sold Jaguar Cars and Land Rover to Tata Motors in what was a distress sale the Blue Oval made $2 ... The Jaguar and Land Rover are tremendous global brands but this is the toughest recession that weve ever been through. (India Times)
Some like it hot... Oct 1, 2009
Land Rover Fire (right) and Ice models ... Land Rover's iconic Defender 4x4 will live again in two limited edition models, appropriately named Fire and Ice ... Land Rover says the exterior 'trim' was designed to be eye-catching and included five-spoke alloys, black side runners, LED rear lamps with clear lenses, and a "unique front light treatment". (iAfrica.com)
Land Rover confirms production of the LRX concept Sep 26, 2009
The production of a small Range Rover model is excellent news for our employees, dealers and customers," said Phil Popham, managing director of Land Rover. "It is a demonstration of our commitment to investing for the future. "The new vehicle will help Land Rover to cope to the clamp down on carbon emissions and the need to improve gas mileage. Photo of Land Rover LRX concept at the North American International Auto Show in 2008 by Paul Sancya/APPreviousNextTo report corrections and... (USA Today -- Money)
Car output falls 31.5% in August Sep 26, 2009
On Thursday, Jaguar Land Rover said it would be closing one of its West Midlands plants in the next decade as it seeks to consolidate production. Address business confidence. (BBC News -- Business)
Jaguar to shut one Midlands plant Sep 25, 2009
Jaguar Land Rover has said it will close one of its West Midlands plants by the middle of the next decade ... Jaguar Land Rover's plan to close one of its three factories is part of a cost-cutting exercise that was already underway, though it was made more urgent by plunging sales during the recession ... Jaguar Land Rover did say that there would be "natural wastage" of staff or transfers from one site to the other. (BBC News -- UK)
Jaguar to close British factory Sep 25, 2009
Indian-owned historic carmaker Jaguar Land Rover will close a British factory over the next decade as part of a wider restructuring drive amid mounting gloom for the car industry ... The group announced that it will decide next year whether to close a central England factory at Castle Bromwich in the West Midlands, which produces Jaguars, or a site in nearby Solihull that makes Land Rovers ... Jaguar Land Rover employs 14,500 workers in Britain, including at its three factories in Halewood,... (Sydney Morning Herald -- Business)
Legislative panel will wait to investigate film program Sep 25, 2009
Atop the list of items being scrutinized were two luxury vehicles -- one a Mercedes purchased by "Children of the Corn" producer Donald Borchers for 52,775 at Lujack's Northpark Auto Plaza in Davenport and another a 2008 Land Rover purchased by Bruce Isacson, who filmed the movie "South Dakota" near Earlham last spring. In an interview Wednesday, Gov. Chet Culver, who has suspended the film tax credit program pending a state probe, said the luxury car purchases were the biggest red flags among... (Sioux City Journal, IO)
JLR plans to shut down UK plant, pump in 800 mn pounds Sep 25, 2009
MUMBAI: Jaguar Land Rover (JLR), the British luxury carmaker owned by Tata Motors, on Thursday said it will close one of its two West Midlands plants, introduce new products and infuse funds in a bid to drive growth and return to profit ... New car sales, including those of Jaguar and Land Rover, are down globally by 25-30. (India Times)
Tata Motors plans to shut down one plant of JLR Sep 25, 2009
MUMBAI: Fifteen months after Tata Motors acquired Jaguar Land Rover (JLR), the automobile company is restructuring its UK manufacturing facilities in a bid to cut costs and improve its financial health ... The Land Rover unit in Solihull has 5,000 employees, while the Castle Bromwich-unit employs 2,000 people. (India Times, India -- Intl Business)
Norwell family shares what life is like with an autistic child Sep 24, 2009
Mike McKenna said Land Rover (of Hanover) has donated a sweet new Land Rover for the cause, and the golfer who d drive away with it need only hit a hole-in-one on the fifth hole. An insurance broker, Mike McKenna owns Partners Benefit Group, which sells group health insurance. (Norwell Mariner, MA)
Ford unveils much awaited small car, Figo Sep 23, 2009
Mr Mulally, who took over the reigns of Ford in 2006, divested marque brands Jaguar, Land Rover and Aston Martin before the collapse of the global markets. Alex Trotman, the then chairman and CEO, had visited India when Ford had launched its Ford Escort sedan in the country in 1996 and Bill Ford had come to India for the launch of Fiesta sedan in 2005. (India Times)
Woman finds own car on Craigslist Sep 23, 2009
An Athens woman reported her Land Rover stolen after she saw the vehicle listed for sale in an ad on the Craigslist online auction site Friday, according to Athens-Clarke police ... When she saw the ad featuring her Land Rover, she flagged the ad and had it removed, but not before noticing her boyfriend's family farm in Arnoldsville was in the background of one of the photos showing the vehicle, according to the report. (Athens Banner-Herald)
Environmentalists Not All Happy About New EPA Guidelines Sep 21, 2009
All the German automakers Mercedes, BMW and Volkswagen will qualify for the exemption as well as Mitsubishi, Subaru, Kia and more exotic brands such as Ferrari, Aston Martin, Jaguar and Land Rover. But don't feel too badly for Detroit. (Time.com)
Ford to showcase small car this week Sep 21, 2009
Mr Mulally, who took over the reigns of Ford in 2006, divested marque brands Jaguar, Land Rover and Aston Martin before the collapse of the global markets. Ford India spokesperson, on condition of anonymity, said: Its going to be an exciting event and one moment is not to be missed. (India Times)
Tata Motors gets Rs 78cr loan from UK Sep 19, 2009
The loan comes almost a month after Tata Motors abandoned seeking help from the UK Government for bailing out Jaguar Land Rover (JLR). JLR secured long term loan of 340 million pounds (about Rs 2,650 crore) from the European Investment Bank (EIB). (India Times, India -- Intl Business)
Tata Motors may sell 15% in fin arm Sep 16, 2009
The stake sales are aimed at strengthening Tata Motors balance sheet, which has been stretched by the acquisition of premium car brands Jaguar and Land Rover for $2. 3 billion in June 2008. (India Times)
Valeo Detection Systems Offer Complete Safety for Low-Speed Maneuvers Sep 15, 2009
This system is being introduced on the new Land Rover Range Rover, Range Rover Sport and Discovery and on the new BMW 5 Series Gran Turismo. During 2010, four more models will be equipped with this feature. (PR Newswire)
Opel deal could bring Russian economy in from cold Sep 12, 2009
He cited India-based automaker Tata's acquisition of Land Rover and Jaguar in 2008 as an example. Fears about GAZ competing directly with GM and emerging as a competitor in Central and Eastern European markets, as well as within Russia, are "grossly exaggerated. The process of transferring knowledge and technology to a Russian automaker is a long one, says Serguei Netessine, a visiting professor at the European Institute of Business Administration in Paris. "Right now, it's not clear how long... (Christian Science Monitor -- World)
For autos, quality is in the eye of the beholder Sep 12, 2009
Land Rover trumpets its victory in the Strategic Vision TQI in the luxury utility segment, in which it was the most improved brand and the highest-scoring. But Land Rover was next to last in the J.D. Power IQS report, sandwiched between smart and Mini ... Of the bottom six brands in IQS, three are the worlds premiere off-road brands, Hummer, Jeep and Land Rover, and the other three are European boutique brands with enthusiastic followings all exactly the kinds of products that score well... (MSNBC -- Business)
Chinese Carmakers Target Volvo and Saab Sep 11, 2009
And while it's too early to write it off, India's Tata Motors () is finding that the costs of its of Ford's Jaguar and Land Rover brands last year can quickly outweigh the benefits. On Aug. 31, Tata announced a , compared with a profit of $147 million for the same quarter in 2008, thanks largely to red ink at Jaguar and Land Rover ... Tata needs to spend $1 billion-plus a year in research and development on new models and making power-hungry Jaguars and Land Rovers meet new European emission... (BusinessWeek)
Cult of Terry Sep 9, 2009
One in-joke involves traffic reporter Lynn Bowles, known for her Land Rover antics, while another stemmed from an incident involving Walters, says Mr Macintosh. "He famously passed wind just before they came on and they couldn't speak for laughing. From then on everything was 'an accident'.". (BBC News -- UK)
Cadbury's Bournville Villagers Warn Kraft Takeover Will Destroy Traditions Sep 9, 2009
At its peak in the 1960s, Longbridge produced 40 percent of the cars bought in the U.K, including Triumph, Austin, Land Rover and Morris brands. Bournville Brand. (Bloomberg)
China's Geely may bid for Volvo Sep 9, 2009
Last year, it sold Jaguar and Land Rover to India's biggest carmaker Tata for $2. 3bn (1. (BBC News -- Europe)
AutoWeek Magazine Selects 10 of Its Favorite Tailgate Vehicles Sep 5, 2009
"market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-14400", "open" : "", "close" : "", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (Yahoo! Wire -- Entertainment News)
Tata: Clawed by Jaguar and Land Rover Sep 4, 2009
3 billion for Jaguar Cars and its cousin, Land Rover, seemed to have good reason to be upbeat. Yet buying Jaguar and Land Rover has so far not worked out well for Ratan N. Tata, chairman of both the sprawling $64 billion Tata Group and Tata Motors ... Unit sales of Jaguar and Land Rover are down 52% for the June quarter. (BusinessWeek)
Tata Sons gets Rs 2,000-cr dividend booster from TCS Sep 3, 2009
The dividend from group companies like Tata Motors was down to Rs 106 crore, thanks to the auto companys expensive acquisition of Jaguar Land Rover (JLR) which resulted in the company falling into losses. Tata Steels dividend, on the other hand, was up marginally to Rs 359 crore compared with last years Rs 326 crore. (India Times)
Cold comfort Sep 2, 2009
All five vehicles (there are more to choose from, including the Volvo XC90, Volkswagen Touareg and the soon-to-be-updated Land Rover Discovery) are sophisticated pieces of work and that, along with the badges that adorn them, ensures they don't come cheap. Indeed, nothing here can be parked in your driveway for less than $100,000 (give or take a few dollars, once all the on-road and dealer costs are added) and most are above $110,000 on the road once equipped with such items as satellite... (Sydney Morning Herald -- World)
Losses at Jaguar Land Rover Weigh Down Tata Motors Sep 1, 2009
India's Tata Motors is doing well with its own vehicles, but those profits aren't enough to offset the current losses from Jaguar Land Rover ... Until this past month, India's Tata Motors () faced criticism from investors and ratings agencies about whether it could pay off a $3 billion debt it took on to buy Jaguar and Land Rover from Ford Motor () last year ... Now people are asking another question: Can Tata actually run Jaguar and Land Rover profitably. (BusinessWeek)
Tata posts loss on Jaguar, Land Rover woes Sep 1, 2009
Tata Motors posts loss on Jaguar, Land Rover woes ... Tata Motors posts loss on Jaguar, Land Rover woes ... India's leading vehicle maker, Tata Motors, last night reported a first-quarter net loss for the three months to June, hit by weak sales of its British premium brands Jaguar and Land Rover. (Sydney Morning Herald -- Business)
Millennium Jaguar Files Suit Against Manufacturer Aug 29, 2009
DALLAS, Aug. 28 /PRNewswire/ -- One of the nation's top performing Jaguar dealerships has asked a court to settle a dispute with Jaguar Land Rover over disputed manufacturer charges for the Plano, Texas, dealership ... Jaguar Land Rover ordered a full audit of Millennium's warranty and sales-incentive records and subsequently made demands that Millennium pay Jaguar Land Rover more than $600,000 ... Following Millennium's internal investigation of Jaguar Land Rover's claims, Millennium made a... (PR Newswire)
Tata Motors invites FDs from public Aug 28, 2009
Under another scheme of cumulative deposit plan, Tata Motors, which met with cold response from investors to its two separate rights issues last year to raise Rs 4,147 crore to partly fund its Jaguar and Land Rover deal, would offer 8. 58 per cent interest on a minimum deposit of Rs 20,000 for two years and 9. (India Times)
Why It Doesnt Make Sense for Ford to Keep Volvo Aug 27, 2009
Jaguar and Land Rover were already sold (to Indias Tata Motors in 2008), as was (to a consortium of investors in 2007). Ford doesnt need Volvo and the challenge of managing a carmaker with deep, deep roots in another country. (Slate)
Tatas look to cut operating costs at Jaguar Land Rover Aug 26, 2009
MUMBAI: Tata Motors is working on a plan to bring down operating costs at Jaguar Land Rover (JLR) in a bid to boost margins and turn around the UK subsidiary, said chairman Ratan Tata, at the companys 64th annual general meeting ... Tata Motors is working on a plan to bring down operating costs at Jaguar Land Rover (JLR) in a bid to boost margins and turn around the UK subsidiary, said chairman Ratan Tata, at the companys 64th annual general meeting. (India Times)
Southern Governors Endorse 'EcoDrivingUSA(TM)' Aug 24, 2009
" For more information on EcoDriving or to become an EcoDriver, please visit the interactive Web site, , which helps drivers learn practical tips for improving their mileage and reducing their carbon footprint. The site includes a video guide to EcoDriving, an "EcoCalculator" to determine benefits for individuals or states, a Virtual Road Test, and a variety of educational tools. The Alliance of Automobile Manufacturers is a trade association of 11 car and light truck manufacturers including BMW... (PR Newswire)
New electronic instrument cluster in Range Rover shows desert landscape -- and your speed Aug 22, 2009
The Range Rover's display "is the world's first and world's largest" at least in filling the whole space, says Land Rover executive Chris Merchand. In the future, it won't just be desert landscape, ocean sunsets and other vistas. (USA Today -- Money)
Why African Safaris Are Bad for Africans Aug 21, 2009
A tourist at Kruger National ParkNELSPRUIT, South AfricaAt about 5:30 in the morning, I was idling at a stoplight and squinting to read the tiny print on my map when the white chap next to me rolled down the window of his beige Land Rover. Two Europeans were seated on the safari seats behind him with cameras already strapped to their necks. (Slate)
› Bikes for (big) brats? Aug 19, 2009
Land Rover Defender 110 Tdi Game Viewer Diesel, 4x4, 2 Doors, Manual, 1 Owne. LAND ROVER DEFENDER 110 ... Contact: Land Rover - Autotec 013 753-2551. (iAfrica.com)
Subtle signs of a turnaround Aug 16, 2009
5 billion acquisition of Jaguar Land Rover (JLR), while on the other, the companys bread and butter commercial vehicle (CV) market was slowing down ... A statement from the company on August 11 said, Tata Motors and Jaguar Land Rover have been in discussions with commercial banks for Jaguar Land Rover funding facilities, many of which have been successfully concluded in the last few months and the balance is expected to be completed in the coming weeks. (India Times)
Tatas seek PSB guarantees Aug 15, 2009
MUMBAI: Tata Motors, the countrys largest commercial vehicle maker, has sought guarantees from Indian state-owned banks to raise money to meet working capital needs and upgrade technology for the Jaguar and Land Rover facilities it acquired last year ... While land Rover sales dropped 40% to 1 ... Tata Motors seeks guarantees from PSU banks to raise money to meet working capital needs and upgrade technology for the Jaguar and Land Rover facilities it acquired last year. (India Times)
Sime Darby says no immediate plans to list plantation unit Aug 14, 2009
Margins at Sime Darbys motor unit, which owns dealerships for foreign car brands such as BMW, Hyundai and Land Rover, are falling due to cut-throat competition. The business accounted for just 3% of Sime Darbys 2008 earnings. (The Star Online, Malaysia -- Business)
Visteon seeks to end retiree benefits Aug 14, 2009
QNX and Visteon Collaborate to Deliver Digital Instrument Cluster for 2010 Land Rover Range Rover. QNX Software Systems today announced that automotive supplier Visteon Corporation has chosen the award-winning QNX((R)) Neutrino((R)) realtime operating system (RTOS) as the software foundation for the digital instrument cluster in the 2010 Land Rover Range Rover ... 5 cm) wide, the cluster is the largest TFT LCD ever to ship in a vehicle, providing Land Rover with tremendous display flexibility. (Fresno Bee -- Business)
Tata secures private financing for Jaguar Aug 12, 2009
London - India's Tata Motors had secured private funding for its British luxury car maker, Jaguar Land Rover (JLR), meaning the firm would no longer be seeking state help, it said yesterday. Tata Motors, which bought JLR in June last year, said it had secured 175 million (R2. (Business Report, South Africa)
Tata: Still Reeling from Its Jaguar-Land Rover Buy Aug 12, 2009
The Indian company shot into the international limelight in 2008 with the troubled launch of its and its of Jaguar and Land Rover from Ford (). Since then, its fortunes have been unsure, as the slump in demand for automobiles has depressed its revenues at the same time Tata has invested nearly $400 million in the Nano launch and struggled to pay off the expensive $3 billion loans it racked up for the Jaguar/Land Rover shopping bill ... Jaguar and Land Rover lost an additional $510 million in the... (BusinessWeek)
Tata Motors secures 75m loan for JLR Aug 11, 2009
NEW DELHI: Tata Motors has managed to secure a debt facility of 75 million for its Jaguar and Land Rover (JLR) operations, by mortgaging stock (inventories) and receivables of Land Rover ... This has been secured against inventories of Land Rover's parts and accessories and receivables in UK and US. ... Ken Gregor, CFO of the brands, said, "JLR is pleased to have concluded this facility which is an important element of our working capital financing arrangements." While year-on-year sales of... (India Times, India)
The Best Cars for Haggling Prices Aug 10, 2009
Buyers Can Bargain Prices of Lincoln Town Car, Chrysler 300 and Land Rover Range Rover ... The Land Rover Range Rover is one of several car models selling for thousands of dollars off their manufacturer suggested retail prices ... The A8 joins the Land Rover Range Rover, Acura MDX and Chrysler 300 on our list of the easiest cars to bargain for this summer. (ABC News -- Business)
Book reviews Aug 8, 2009
WHEN Indian automaker Tata Motors bought the iconic Jaguar and Land Rover brands from the ailing Ford Motor Co, it opened up a new chapter in the countrys economic story. Now Tata is having its own iconic car in the market. (The Star Online, Malaysia -- Business)
Jac the Knife wins the vote for BHP chairman Aug 5, 2009
While at Ford, he created the companys Premier Automotive Group, which included European brands Jaguar, Land Rover and Volvo ... 5 billion in his first year in the top job, and BMWs Land Rover unit for $US2. (Sydney Morning Herald -- Business)
JLR to launch 'several' models; to drive out hybrids Aug 2, 2009
NEW DELHI: Undeterred by losses of over Rs 1,700 crore, Tatas-owned Jaguar Land Rover will launch a number of new models, including hybrids, in the coming years and has plans to roll out all its future cars with light-weight aluminium bodies for reducing carbon emissions ... Some new models of Land Rover would also be introduced in the coming years, he added ... On introducing new technologies at JLR, Tata said: "JLR is planning to have all its future cars constructed with light weight aluminum... (India Times)
Elated dealers awash in traded-in clunkers Aug 1, 2009
The owner of Ocean Stars Seafood Restaurant in Apex turned in a 1997 Land Rover Discovery that got about 12 mpg ... Before turning in his Land Rover, he expressed his appreciation by spray painting "Thanks Obama" on the vehicle. (News & Observer)
Freelander's stop-start Jul 29, 2009
Land Rover Freelander 2 TD4_e Related Articles ... Article By: Cars in Action Tue, 28 Jul 2009 17:26 Land Rover has launched the world's first production sports utility vehicle (SUV) with fuel-saving, emissions-lowering intelligent stop-start technology in South Africa ... The Land Rover Freelander 2 TD4_e, launched in South Africa this week, combines the British manufacturer's proven 2. (iAfrica.com)
Mullmobile, R.I.P. Jul 28, 2009
The MullMobile is a 1999 Land Rover Discovery. Land Rover had been a British firm ... When I bought mine it had been purchased by BMW. Then Ford bought Land Rover. (Townhall.com)
India's Tata Motors Q1 profit leaps Jul 28, 2009
The results did not include the earnings of British luxury motoring icons Jaguar and Land Rover which Tata bought from Ford Motor Co last year for 2 ... 7 billion rupees a year earlier as it was hit by losses at its Jaguar Land Rover unit. (Yahoo! Asia News)
Tata Motors net races 58% despite sales dip Jul 28, 2009
1-billion loan (around Rs 5,280 crore at current exchange rates) contracted by the company to buy Jaguar and Land Rover, has taken Tata Motors debt to $850 million (Rs 4,080 crore). The $2. (India Times)
Ford posts profit after one-time gains, shares rise Jul 24, 2009
Ford has sold several its Aston Martin, Jaguar and Land Rover brands to raise cash and focus operations. It is also entertaining offers for its Swedish brand Volvo, which would leave it with its Ford, Lincoln and Mercury brands. (Yahoo News -- Press Releases)
