Struggling British luxury car maker Jaguar Land Rover said today it did not want a government bailout, but did want credit flowing again either from direct lending or state-backed loans.
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Jaguar Land Rover has halted work at its car plant in Castle Bromwich, central England, for two weeks. The Castle Bromwich factory makes the XJ upper-premium sedan, XF medium-premium sedan and XK premium roadster.
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Jaguar Land Rover on Monday confirmed local media reports it had halted production at its main car plant in Castle Bromwich, Birmingham, for two weeks. A spokesman said the move had been announced to workers last week and had been "circulated externally" by mid-week.
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Luxury car maker announces it will be cutting 450 jobs.
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Jaguar Land Rover is to axe 450 jobs due to what a statement from the company has called a "severe" reduction in demand for new cars.
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British luxury car maker Jaguar Land Rover announced 450 job losses on Wednesday due to a "severe" reduction in demand for new cars.
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Jaguar chief executive Mike O'Driscoll has warned that Jaguar and Land Rover may have to cut more jobs in response to falling car sales. He said the company is looking hard at its cost base to ensure the business structure reflects "current market realities".
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Tata Motors, which has requested UK government help for its Jaguar Land Rover operations acquired last year, is to temporarily close a commercial vehicle plant in eastern India.
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Skoda and Land Rover are celebrating, but it’s bad news for Peugeot in our annual satisfaction survey.
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Land Rover has announced that it will cancel a global adventure competition to focus its marketing budget on new product launches in 2009.
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India's Tata Motors has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis, the Financial Times reported on Monday.
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Tata has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis while the UK government continues to consider the case for a taxpayer-funded bailout.
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Following news that the British government may be prepared to bail-out Jaguar and Land Rover, another of the UK's luxury carmakers says help is needed right across the car industry.
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Iconic British brand in talks with government over possible bail-out plan.
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Tata Group's Jaguar Land Rover and the UK's Department for Business, Enterprise and Regulatory Reform have refused to comment on media reports they are in secret talks over a GBP1bn (about US$1.5bn) bailout.
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Under pressure Jaguar Land Rover (JLR) is hoping to increase sales in its parent's (Tata) home market, India.
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Following the recent acquisition of iconic brands Jaguar and Land Rover from Ford, India's Tata Motors is focused on penetrating the European, Chinese, Russian and Indian military markets to increase sales of Land Rover.
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An in-house engineering team and two major component suppliers have together developed Land Rover's new fuel-saving stop-start technology which will be available on manual diesel Freelander models from next May.
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