Tata Motors on Friday reported an 84 per cent jump in its global sales at 74,707 units for December 2008, compared to the corresponding month in 2008. The company also posted 137 per cent surge in the sale of its commercial vehicles at 37,326 units in December 2009, it said in a statement. During the month under review, it sold 16,247 units of passenger vehicles, up by 53 per cent, against the same month previous year, it added.
West Bromwich Albion were relegated from the Premier League after just one season when they lost 2-0 to Liverpool at The Hawthorns Sunday. Liverpool stayed in second place, behind champions Manchester United, moving on to 83 points -- three ahead of Chelsea who beat Blackburn Rovers 2-0 at Stamford Bridge in the day's other match.
Four FA Cup third round matches were postponed on Saturday because of freezing weather gripping parts of England.
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Arsenal lit up the opening day of the Premier League season with a 6-1 demolition of Everton and Didier Drogba struck in stoppage time to give Chelsea manager Carlo Ancelotti a winning start on Saturday.
Didier Drogba struck in stoppage time as Chelsea marked Carlo Ancelotti's first Premier League match in charge with a 2-1 victory over Hull City on Saturday.
Blackburn Rovers dumped 10-man Chelsea out of the League Cup 4-3 on penalties on Wednesday after a quarter-final thriller ended 3-3 following extra time at Ewood Park. Big-spending Manchester City beat a young Arsenal team 3-0.
Fraught four-month-long negotiation between Tata Motors-owned Jaguar Land Rover and the United Kingdom government over a loan guarantee ended in an anti-climax on Tuesday, with the Mumbai-headquartered automobile maker announcing that it has secured loans from commercial banks and would not need any support from the UK government.
Teenager Federico Macheda's brilliant winner last weekend merely papered over the cracks in a Manchester United team floundering in their defence of the English Premier League title. When they visit Sunderland on Saturday (1930 IST), United may find themselves once again looking to claim back their one-point lead from Liverpool whose home kickoff against Blackburn Rovers is two-and-a-quarter hours earlier.
The board of the Luxembourg-based European Investment Bank on Tuesday approved a pound 340 million (Rs 2,500 crore) loan to the Tatas-owned Jaguar Land Rover to support efforts to make low-emission cars.
Tata Motors has roped in international consultants Roland Berger Strategy Consultants (based in Munich) and KPMG to help its British car brands Jaguar-Land Rover trim costs and help manage cash flow.
The ban does not speak about used luxury cars.
Liverpool had two players sent off and suffered a sixth loss in seven games with a 3-1 defeat at Fulham on a Saturday of red cards in the Premier League.
Chelsea reclaimed top spot in the Premier League with a crushing 5-0 win over Blackburn Rovers on Saturday but Tottenham Hotspur were brought down to earth when Stoke City snatched a late 1-0 victory at White Hart Lane.
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The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
In an interview published in the Sunday Times on Sunday, Ratan Tata admitted with hindsight that he might have gone too far too fast, but that nobody saw the economic recession coming.
Tata Motors, India's largest commercial vehicle maker, is in the process of raising Rs 5,000 crore through a bond issue to refinance the remaining $ 2 billion (Rs 10,000 crore) bridge loan it took to acquire Jaguar and Land Rover.
Blackburn Rovers have signed former Real Madrid defender Michel Salgado for two years on a free transfer, the Premier League club said on Wednesday.
Responding to a question on whether Tata-owned JLR was in talks with the UK government for a bailout package, Mandelson said it was too early to judge whether the state would be willing to help Jaguar Land Rover, which employs around 15,000 workers.
Sunday Times reports Tata Group has agreed in principle to invest pound 100 million alongside refinancing.
After months of negotiations, Tata Motors-owned Jaguar Land Rover is likely to get approval for a loan of pound 270 million (about Rs 2,000 crore) from the European Investment Bank on April 7, BBC reported on Saturday quoting official sources.
The two iconic brands are also developing hybrid engines for use in future models of JLR. Two British marquee had made a loss of over Rs 1,777.35 crore or Rs 17.77 billion (before interest, exceptional items and tax) in 2008-09 due to global meltdown, while the income from JLR sales stood at Rs 39,270.70 crore (Rs 392.7 billion). It had laid off over 2,200 staff.
Jaguar X-TYPE, an 8-yr-old range, constituted nearly a fourth of annual production till now.
The three favourites for the English League Cup were kept apart when the draw for the quarter-finals was made on Saturday. Manchester United will host Blackburn Rovers in the only all Premier League clash while Arsenal, who will keep faith with their policy of fielding the reserves in the competition, will travel to Championship (second division) Burnley who beat Chelsea on penalties on Wednesday.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
A JLR spokesperson said this offer will apply to nearly 6,000 of its 14,500 employees who are categorised as salaried employees. The rest of the workers are paid weekly. He further said 25 per cent of those to whom this offer was made have already accepted it.
The list of '10 Cars That Changed The World' also features the Ford Model T, the Volkswagen Beetle, the Trabant, the Porsche 911, the Ford Mustang, the AMC Eagle, the Jeep Cherokee, the Dodge Caravan and the Toyota Prius. 'These vehicles changed people's lifestyles and habits as well as automakers' long-term strategies. Some even changed governments,' the magazine said in an accompanying report.
Indian high commissioner Shiv Shankar Mukherjee has asked the British companies, based in Birmingham and other towns in the West Midlands, to expand and avail of opportunities offered by India.
JLR sees job cut if the situation does not improve.
Aston Villa beat Blackburn Rovers 2-0 on Saturday for a club record seventh consecutive away league victory to stay firmly in the Premier League title race.
Liverpool striker Daniel Sturridge has had successful surgery on a hip problem that effectively ended his season, he said on social media on Tuesday.
Tata Motors, which is announcing its results January 30, is likely to end 2008-09 with around Rs 500 crore (Rs 5 billion) less cash mainly because sales of commercial vehicles, which account for about 60 per cent of its revenues, have dropped sharply.
The locally-produced BMW X5 is one of the best selling models for the car-maker in the domestic market, and the latest version of the SUV will compete with the likes of Mercedes-Benz GLE, Volvo XC90, Range Rover Velar, Porsche Cayenne and the Audi Q7.
The India foray of the two brands, which debuted in 1922 and 1948, respectively, has been hastened by their new Indian owner, Tata Motors, which took over in 2008 from Ford Motor Company of the US. The spokesperson said Tata Motors would be the distributor of these brands in India.
The cash injection from Tata has bought ministers breathing space to respond to demands for multi-billion-pound loan guarantees from the car sector. Alistair Darling, chancellor, is understood to be concerned that any state support does not set too generous a precedent for other sectors.
In yet another major Indian takeover, Religare, a financial services company owned by prominent businessmen Malvinder and Shivinder Singh bought London's oldest stockbroker, Hichens, Harrison & Co on Friday. The deal is seen as another example of India's growing economic clout overseas. Two weeks ago, Tata Motors bought the prestigious Jaguar and Land rover models from Ford.
Sam Allardyce got off to a flying start as manager of Blackburn Rovers when the Premier League strugglers beat Stoke City 3-0 on Saturday to claim only their second home victory of the season.
Tata Motors, the country's largest automobile company, may tap its vehicle loans to raise funds for working capital and refinancing of loans for Jaguar and Land Rover acquisitions, investors and analysts said.
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