Guenter Butschek will start his new job by Feb. 15
India's Tata Group owned Jaguar Land Rover has scrapped plans to close one of its UK plants.
The country top automaker, Tata Motors, launched its marquee car brands Jaguar and Land Rover in India on Sunday. It had acquired these brands from US car maker Ford. The company promises that the two brands would give the Indian public an opportunity to experience the 'pleasure of driving superior technology.'
Auto major Tata Motors on Monday said it appointed Carl-Peter Forster as the new group chief executive of the company.
Despite pending payments of over Rs 20,000 crore, HAL revenue grew 6% against the previous year.
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
The Tata Motors-Jaguar-Land Rover combine, with a valuation of $8.45 billion now reigns supreme among the most valuable corporate brands in India.
A security man was killed in an encounter after Maoists blew up part of the Hehegarha railway station and tracks in Jharkhand's Latehar district on Thursday on the second day of their two-day Bharat bandh. The gun-battle began at approximately 2 am, after nearly 100 armed Maoists bombed a portion of the railway station, killing security man Indra Dev Singh of the Jharkhand Jaguar Force, said the police.
The 182-metre statue of Vallabhbhai Patel will be dedicated to the nation on his birth anniversary in Narmada District of Gujarat.
'The Indian government wakes up after the fact when it can do nothing, or rather lacks the will to prosecute military actions to reverse these adverse PLA-driven developments.'
However, any progress on the deal depends upon Goyal giving up control of the company.
Ratan Tata-led Tata Motors on Thursday said that it plans to expand its commercial vehicles business in India and would launch a few more models by this year-end.
From high-performance cars and customised bikes to accessories and in-car entertainment technology, the Autocar Performance Show 2014 held in Mumbai's Bandra Kurla Complex turned out to be paradise for car lovers.
Tata-promoted Taj Hotels may decide to add the Nano to their line of chauffeur-driven cars used for guest transfers.
The money was supposed to be used to develop an electric version of one of its existing models.
The Argentinian becomes the first brand ambassador of the company in its 70-year history.
At home, passenger and commercial vehicle sales have suffered from an environment of high interest rates and fuel prices in an economy growing at its slowest pace in a decade.
Squadron Leader Meet Kumar died in the accident. A Court of Inquiry has been ordered.
The Jaguar E-Type and the Land Rover Defender are two of the most famous automotive icons that Britain gifted to the world.
In a major haul, security forces seized 400 kg of local explosives and over 1,700 detonators during an anti-Naxal operation in poll-bound Jharkhand on Monday.
Smith's financial acumen steered the troubled car maker through its toughest times in the recent past.
Tata Motors-owned Jaguar Land Rover (JLR) is set to wrap up the 600-million ($850 million) three-year Chinese deal it had bagged in February 2009, one year ahead of schedule.
Dismissing adverse comments on Jaguar and Land Rover (JLR) buy, Ratan Tata on Tuesday said the $2.3-billion acquisition of the iconic brands was 'worthwhile' though the subsequent financial crisis posed challenges.
The exercise part of drive to combine operations under single firm.
The package consists of a three-year committed facility to finance Land Rover's parts and accessories' inventories and receivables in the UK and the US. This is an important element of JLR's working capital financing to cover the key Land Rover parts and accessories' inventories and receivables part of our business, which has a high cash requirement, to function properly.
It said total passenger vehicles sales were 45,380 units, in January 2010, a growth of 76 per cent from the corresponding month last year.
The new business plan is designed to increase its global competitiveness, drive growth and sustain profitability and respond to the challenges of climate change, the company said.
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.
At present, Pakistan has some edge with its fleet of F-16 jets with AMRAAM missile fitted with them, said an official.
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.
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.
Hindustan Aeronautics Ltd plans to invest more than Rs 25,000 crore (Rs 250 billion) in the next 10 years on the back of a strong order pipeline and big ticket projects on the horizon.
'The coronavirus epidemic highlights the need to start thinking more actively about multilateral coordination, including, but not confined to, health emergencies and climate uncertainties,' says Rathin Roy.
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.
Continued adverse global automotive market conditions have resulted in a overall reduction in Jaguar Land Rover volumes during the quarter.
Jaguar and Land Rover, the UK based carmakers, are to set up dealership networks in India soon as they seek to use ties with Tata Motors, their new owner, to find new markets.
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.
