British car maker's Indian owner dismisses speculation that it is looking to sell up
James Attwood, digital editor
24 December 2018

The boss of Jaguar Land Rover’s parent company, Tata Motors, has dismissed reports that it is looking to sell the British car firm, saying it is “committed” to its long-term growth.

Jaguar Land Rover has been hit by falling demand for saloons and diesel cars, along with declining sales in China, and posted a £90 million loss in the third quarter of 2018. It is about to embark on a £2.5 billion restructuring, which will reportedly include the loss of up to 5000 jobs.

Natarajan Chandrasekaran, chairman of Indian firm Tata Motors and Jaguar Land Rover, has issued a statement in response to speculative stories about the future of the car maker, saying: “I would like to clarify that we remain committed to the long-term growth and success of JLR.”

He added: “JLR will continue to face global headwinds being experienced by the auto industry and, to address them, the management is taking the right steps to drive operational excellence, whilst continuing to invest in innovative products and technology to stay competitive globally. There is no truth to the rumours that Tata Motors is looking to divest our stake in JLR or discontinue the Jaguar brand.”

Chandrasekaran added that he had “great belief in the potential” of both JLR’s products and engineering, concluding: “I am confident that these inherent strengths, coupled with the focused efforts by the management to drive performance in the medium term by improving its operational leverage, will help JLR deliver consistent, competitive and cash accretive growth in the coming years.”

Read more

Jaguar Land Rover 'poised to cut up to 5000 jobs'

Jaguar Land Rover embarks on restructuring plan in wake of £90 million loss

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24 December 2018

How can the loss of 5000 jobs be justified when JLR are opening a huge new factory in Slovakia? https://www.autocar.co.uk/car-news/industry/jaguar-land-rover-opens-new-slovakian-plant Isn't this actually the intentional transfer of manufacturing from the UK?

I just feel that JLR are not being straight with the British people. Have I misunderstood what JLR are doing? I would prefer to be wrong for the sake of British jobs.

24 December 2018
Scoobman wrote:

How can the loss of 5000 jobs be justified when JLR are opening a huge new factory in Slovakia? https://www.autocar.co.uk/car-news/industry/jaguar-land-rover-opens-new-slovakian-plant Isn't this actually the intentional transfer of manufacturing from the UK?

I just feel that JLR are not being straight with the British people. Have I misunderstood what JLR are doing? I would prefer to be wrong for the sake of British jobs.

 

Some of the usual contributors on here won’t like it and will start frothing, but... Brexit.

25 December 2018
scrap wrote:

Scoobman wrote:

How can the loss of 5000 jobs be justified when JLR are opening a huge new factory in Slovakia? https://www.autocar.co.uk/car-news/industry/jaguar-land-rover-opens-new-

 

Some of the usual contributors on here won’t like it and will start frothing, but... Brexit.

I do like it - like it very much. I find it really funny when people cite Brexit when they know work on the Slovakian factory started before the vote. I burst a gut laughing when people cite Brexit knowing it's already on record that Tata said they wanted to close at least one UK manufacturing plant at a time Brexit wasn't even a word. And I double up when they cite Brexit fully in the knowledge that the time limit which was part of the deal the unions struck with Tata not to close a factory, is almost upon us. So yes, Brexit must be the reason.

Joyeux Noel, Frohe Weihnachten, Feliz Navidad.  

FMS

25 December 2018
Scoobman wrote:

How can the loss of 5000 jobs be justified when JLR are opening a huge new factory in Slovakia? https://www.autocar.co.uk/car-news/industry/jaguar-land-rover-opens-new-slovakian-plant Isn't this actually the intentional transfer of manufacturing from the UK?

I just feel that JLR are not being straight with the British people. Have I misunderstood what JLR are doing? I would prefer to be wrong for the sake of British jobs.

 

Plenty words, no thought behind them. Less worse to lose those jobs than to lose every job. Most responsible for the owners to plan for the future, bite the various bullets now and steer a renewed course towards stability, profitabilty and renewed investment, all of which help protect the jobs that were not lost and in time, allow for further recruitment. How would you deal with this, given your negativity?. Oh and you are VERY wrong, hope that helps to confirm your own feelings of wrongness.

24 December 2018

if they're only making the discovery there the jags won't be going, at least i wouldn't've thought so, the plant doesn't sound big enough for much more than that. they just need to throw a load of money in to the bottomless pit of progress, swap diesel for electric. just as things were looking like they were about to start going nicely right, the game got changed for them

25 December 2018

The latest Jags,  the electric IPace, and the E-Pace are both made in Austria. It is thought the next electric car, if it ever makes it beyond the PowerPoint stage, the electric XJ, will also be made in Austria. 

 

24 December 2018

Didn't Ford say similar things about JLR just before it sold up to Tata?

When JLR planned the Slovakia factory it didn't have enough capacity at the time, & now 3 years later they are in a position of over-capacity.

But it's not just confined to JLR & the UK. Seems to be a global downturn coming, in Germany Opel has shed 3700 jobs due to restructuring by PSA, Ford want to shed 1600 jobs at it's StLouis German plant & VW want to eliminate 7000 jobs at it's German factories when it switches to full electric car production.

24 December 2018
This is the end
My heavyweight friend.

This is the end my diesel loving friend, the end.

The end of the good times and the lies.

The end of nights we tried to build quality cars.

This is the end...

Kboothby's bitch

26 December 2018

And who are you?

26 December 2018

Your bitch K. Now stop messing around and come back upstairs.

Kboothby's bitch

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