Investors hurriedly bought Tata Motors shares after news of Brexit deal
5 years, 2 months ago

Investors hurriedly bought Tata Motors shares after news of Brexit deal

India TV News  

Investors hurriedly bought Tata Motors shares on Thursday after the news of Britain and the EU reaching a new Brexit deal reached Dalal Street. According to reports, a Brexit deal has been agreed between UK and EU negotiating teams before a meeting of European leaders in Brussels, post which the benchmark Sensex closed 453 points higher while Tata Motors jumped 9.82 per cent on the BSE to Rs 138.15 a share. "The Brexit deal is yet to be passed by the parliament but if the uncertainty ends, it is positive for auto industry and IT companies abroad," Deepak Jasani of HDFC Securities said. Foreign media cited a statement from British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker according to which the UK and EU have greed a new withdrawal deal on Thursday.

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History of this topic

Jaguar Land Rover rakes in biggest profit since 2020
1 year, 5 months ago

Jaguar Land Rover rakes in biggest profit since 2020

Daily Mail  

Jaguar Land Rover hailed its owner Tata's £4billion gigafactory investment as a 'crucial' development for the car industry. JLR, Britain's biggest car company, also reported its best quarterly profit since 2020. JLR delivered its best profit haul since the three months to the end of 2020 The results came after Indian giant Tata Group last week chose Somerset ahead of …

Tata Group leans toward UK over Spain for battery plant: Report
1 year, 7 months ago

Tata Group leans toward UK over Spain for battery plant: Report

Live Mint  

Britain is close to winning a major battery plant for electric vehicles as Tata Group, the parent company of Jaguar Land Rover, leans toward choosing it over Spain. The plant — to be based in Somerset, England — would make batteries for Jaguar Land Rover’s planned range of fully electric models that are due from 2024. Stellantis NV, which is …

Jaguar Land Rover owner demands subsidy for its steel plants in return for gigafactory deal
1 year, 10 months ago

Jaguar Land Rover owner demands subsidy for its steel plants in return for gigafactory deal

The Telegraph  

Jaguar Land Rover owner Tata has tied the construction of a gigafactory in the UK to a Government bailout of its ageing steel mill in Port Talbot, leaving the battery factory project in doubt. A Whitehall source told the Telegraph that Tata has insisted it will not commit to building a UK battery factory to support electric car production until …

JLR Prepared With Comprehensive Contingency Plan to Tackle UK's Ongoing Covid Challenges: Tata Motors
4 years ago

JLR Prepared With Comprehensive Contingency Plan to Tackle UK's Ongoing Covid Challenges: Tata Motors

News 18  

Automobile major Tata Motors on Thursday said its subsidiary Jaguar Land Rover has comprehensive contingency planning and actions in place to respond to ongoing Covid challenges and disruption in the UK. The company recently announced that it was planning to buy 49 per cent stakes of Marcopolo S.A. in the bus and coach making joint venture Tata Marcopolo Motors Ltd …

Tata Motors seeing beginnings of a recovery of JLR sales in China
4 years, 6 months ago

Tata Motors seeing beginnings of a recovery of JLR sales in China

Live Mint  

Jaguar Land Rover’s Indian owner is seeing the beginnings of a recovery in China sales after the world’s second largest economy gradually opened for business following months of inactivity to check the spread of the coronavirus pandemic. Tata Motors is “nothing” without its luxury unit as it generates as much as 74% of its revenue by selling Jaguar and Land …

JLR-owner Tata Group approaches Geely, BMW in hunt for partners
5 years, 1 month ago

JLR-owner Tata Group approaches Geely, BMW in hunt for partners

Live Mint  

Tata Group, the owner of Jaguar Land Rover, has approached carmakers including China’s Zhejiang Geely Holding Group Co. and BMW AG as it seeks partnerships for the beleaguered British automotive business, people with knowledge of the matter said. It wasn’t immediately clear how receptive Geely and BMW were “There have been no talks with Tata or JLR,” Geely said in …

Jaguar Land Rover to stop output at UK factories for a week due to Brexit
5 years, 3 months ago

Jaguar Land Rover to stop output at UK factories for a week due to Brexit

Live Mint  

Gaydon, England: Britain’s biggest carmaker, Jaguar Land Rover, will halt production at its British factories for a week in November, its boss said on Thursday, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal Brexit. Chief Executive Ralf Speth said the firm had to make plans now, including a stop to production at its …

Tata’s JLR unveils new Land Rover Defender at Frankfurt auto show
5 years, 4 months ago

Tata’s JLR unveils new Land Rover Defender at Frankfurt auto show

Live Mint  

London: One of the hottest launches at the Frankfurt auto show wasn’t a million-dollar supercar or mass-market bestseller but an updated version of a boxy, no-frills favorite of farmers, explorers and the military. The new Land Rover Defender, which traces its heritage back almost to World War II, was unveiled Tuesday, three years after stricter emissions and safety standards consigned …

Jaguar Land Rover boosts a UK car industry rattled by Brexit
5 years, 6 months ago

Jaguar Land Rover boosts a UK car industry rattled by Brexit

CNN  

London CNN Business — Jaguar Land Rover is planning to make a new range of electric vehicles in Britain, a rare investment in an auto manufacturing industry that’s been slammed by uncertainty over Brexit. The United Kingdom’s largest carmaker said Friday that its flagship luxury sedan, the XJ, would be the first electric model built at a plant near Birmingham. …

Tata denies it is selling Jaguar Land Rover to Peugeot owner PSA
5 years, 8 months ago

Tata denies it is selling Jaguar Land Rover to Peugeot owner PSA

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian conglomerate Tata has denied …

Jaguar Land Rover will build its iconic Defender in Slovakia, not the UK
5 years, 8 months ago

Jaguar Land Rover will build its iconic Defender in Slovakia, not the UK

CNN  

London CNN Business — Jaguar Land Rover will build the next generation of its Defender in Slovakia, adding to worries over the future of the British car industry. The automaker, which owned by India’s Tata Motors, confirmed this week that production of the iconic Defender will resume at a plant in Slovakia that opened in October 2018. Jaguar Land Rover, …

Jaguar Land Rover begins Brexit-linked UK plant shutdowns
5 years, 9 months ago

Jaguar Land Rover begins Brexit-linked UK plant shutdowns

Live Mint  

London: Jaguar Land Rover shut its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country's car production off-line in what could be a pivotal week for Britain's divorce from the EU. With Britain's political leaders still deadlocked over Brexit and some EU states questioning a further departure delay, culture …

Opinion | A Tata Sons IPO could be the answer to Tata Motors’ JLR quandary
5 years, 10 months ago

Opinion | A Tata Sons IPO could be the answer to Tata Motors’ JLR quandary

Live Mint  

India’s Tata Group should treat the speed bump at Jaguar Land Rover as a timely memo: the $102 billion salt-to-software conglomerate can no longer put off listing its closely held parent. When I suggested a Jaguar Land Rover IPO in Hong Kong or London, Chandra, as he’s known, had just been named Tata Sons’ chairman. Preferred shares would give the …

Tata is said to explore options for struggling Jaguar Land Rover
5 years, 10 months ago

Tata is said to explore options for struggling Jaguar Land Rover

Live Mint  

Tata Group, India’s biggest conglomerate, is exploring strategic options for its Jaguar Land Rover Automotive Plc unit including a potential stake sale in the struggling luxury carmaker, people familiar with the matter said. The Indian conglomerate’s Mumbai-listed automotive arm, Tata Motors Ltd., currently owns 100 percent of Jaguar Land Rover. Jaguar Land Rover has hit several roadblocks in the past …

Jaguar Land Rover considers financing options after shock writedown
5 years, 11 months ago

Jaguar Land Rover considers financing options after shock writedown

Live Mint  

London: Jaguar Land Rover, reeling from a $4 billion writedown, a slump in China sales and uncertainty around Brexit, said conditions aren’t right for it to borrow from the bond market and that it’s seeking alternative funding. To support its needs, JLR could increase a receivables facility or turn to other bank financing, with further options including leasing assets and …

Jaguar Land Rover announces 4,500 job losses, starting in Britain
6 years ago

Jaguar Land Rover announces 4,500 job losses, starting in Britain

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Brexit impact: Jaguar Land Rover to cut 4,500 jobs worldwide
6 years ago

Brexit impact: Jaguar Land Rover to cut 4,500 jobs worldwide

Live Mint  

London: Jaguar Land Rover Plc, owned by India’s Tata Motors Ltd, plans to eliminate 4,500 jobs worldwide, as the UK’s biggest automobile maker responds to the sales slowdown caused by Brexit, flagging demand for diesel-powered vehicles and a downturn in China. “We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions …

Jaguar Land Rover is slashing 4,500 jobs
6 years ago

Jaguar Land Rover is slashing 4,500 jobs

CNN  

New Delhi CNN Business — Britain’s biggest carmaker is cutting thousands more jobs. Jaguar Land Rover will reduce its global workforce by 4,500 as part of a plan to cut costs by £2.5 billion, it announced Thursday. “We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology …

Tata Motors’ JLR said to plan to large-scale job cuts
6 years ago

Tata Motors’ JLR said to plan to large-scale job cuts

Live Mint  

Bangkok/London: Jaguar Land Rover will announce plans early next year to cut thousands of jobs as part of a turnaround strategy, the Financial Times reported, citing several unidentified people close to the company. The UK luxury carmaker, owned by India’s Tata Motors Ltd, will outline the measures in January as part of a three-year cost-cutting program, the report said. S&P …

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