Standard and Poor's Ratings Services said today it is considering lowering its credit rating for India's Tata Motors, which owns the British Jaguar and Land Rover brands.
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Land Rover will put its striking LRX concept car, first displayed at the 2008 Detroit auto show, into production with the help of a $37.1 million grant from the British government.
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Land Rover will put its striking LRX concept car, first displayed at the 2008 Detroit auto show, into production with the help of a $37.1 million grant from the British government.
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Land Rover will put its striking LRX concept car, first displayed at the 2008 Detroit auto show, into production with the help of a $37.1 million grant from the British government.
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Jaguar Land Rover will receive a grant of £27 million (29 million euros) from the British government if it decides to build its baby Range Rover, the company said today.
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Jaguar Land Rover will receive a grant valued at $37 million from the British government if it decides to build its baby Range Rover, the company said today.
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The British government has confirmed that a grant offer of up to GBP27m is to be made available to Land Rover for the production of an all-new car based on the LRX compact crossover concept.
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Audi is the last member of the "Other Big Three" to jump on the premium compact SUV bandwagon. As one of the segment pioneers, BMW is already firmly established with the X3, while Mercedes-Benz is counterattacking since January with the new GLK-Class. Outside of the German hotbed, the competition includes the Land Rover LR2, Lexus RX, Acura RDX, Infiniti EX and upcoming Volvo XC60.
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The UK Government has confirmed a grant offer of up to £27 million is to be made available to Land Rover for the production of an all-new car. The company is due to make a final decision on the the go-ahead of the project at its award-winning plant in Halewood, on Merseyside, later this year.
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Union workers at Tata-owned Jaguar Land Rover (JLR) have voted "overwhelmingly" to back short-time and pay freeze proposals their unions believe will help retain jobs at the automaker.
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Jaguar Land Rover (JLR) has signed a Memorandum of Understanding (MoU) to supply one of its Chinese importers with 13,000 vehicles over three years..
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A deal between Jaguar Land Rover workers and their employer that will avoid compulsory redundancies for two years, has yet to be ratified by the membership and voting should begin next week, a JLR spokesman said on Tuesday.
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It is reported that staff at Jaguar Land Rover (JLR) are to be given a vote vote on a one-year pay freeze and a four-day week, in return for no compulsory job losses for two years.
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Embattled Jaguar Land Rover is close to agreeing cost-cutting measures with its workers. The British carmaker, which Ford Motor sold to Tata Motors for $2.3 billion last summer, needs to reduce costs after a steep fall in its unit sales.
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The head of Jaguar Land Rover has called for quicker government support to give automakers credit during the economic crisis. JLR CEO David Smith said the UK industry needs help similar to what has been granted in other European countries and the US.
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After the luxury SUV segment was sensationalized by the Americans, it wasn't long before big, comfy and well-equipped SUV's started popping up from other manufacturers all over the world. Japan's strongest contender against the likes of the Lincoln Navigator, Cadillac Escalade and Land Rover range was arguably Lexus's LX series.
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After the luxury SUV segment was sensationalized by the Americans, it wasn't long before big, comfy and well-equipped SUV's started popping up from other manufacturers all over the world. Japan's strongest contender against the likes of the Lincoln Navigator, Cadillac Escalade and Land Rover range was arguably Lexus's LX series.
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Jaguar Land Rover owner Tata Motors lost INR2.63bn rupees ($54m) last quarter due to falling sales, material price rises and unfavourable exchange rates.
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Tata-owned Jaguar Land Rover (JLR) may get the bulk of the British government's GBP2.3bn aid package announced earlier this week, an Indian newspaper reported on Wednesday.
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Jagaur Land Rover wants to see credit flowing again from direct lending or state-backed loans, rather than receive a government bailout, its chief executive has said.
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