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Jaguar gets a helping hand
Mon, 22 Dec 2008It has been reported this morning that Gordon Brown and Alistair Darling have agreed to dip in to tax payers funds to help Tata, the owners of Jaguar and Land Rover. Along with most other car makers in the world, Jaguar and Land Rover has been hit hard by the current economic blight. But it seems that Tata has been hit by more grief than most.
Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
Land Rover's green blitz
Sun, 30 Jul 2006By Phil McNamara Motoring Issues 30 July 2006 11:25 Land Rover is slapping a green tax on sales of its 4x4s, which will build up millions to be invested in global ecological schemes like wind farms and Indian cooking stoves that use renewable fuels. Customers will pay between £85 and £165 on top of their 4x4's list price. The tax is optional, but Land Rover vows most punters will happily pay up to become carbon neutral.