Bye, Bye Jaguar

[Fittster]

JAGUAR LAND ROVER (JLR) is in secret talks with the government for a £1 billion loan, just nine months after Tata, the Indian conglomerate, bought the luxury-car marque.

http://business.timesonline.co.uk/tol/business/ind...

In my view the purpose of the state isn't to prop up failing business (car makers or banks)

Edited by Fittster on Sunday 23 November 11:48

[10 Pence Short]

It will be a complete disgrace is Jaguar is propped up by the Government.

[zagato]

Another situation of private profits and public losses coming up. No worries, the middle classes will bail everyone out, from idle work shy to the lear jetting execs.

[matc]

Jaguar are one of the only car manufacturers to have increased their market share this year, having sold an extra 1000 units year to date, than last year. Although Land Rover are absolutely on their arse; what they really need to do is split the 2 companies, probably by letting Tata keep Land-Rover; then sell Jaguar to a proper English investor and capitalise on it's new found popularity. They can then re-develop the rest of the range to match the new XF.

[minimatt1967]

That is a bloody shame, Jaguar finally come out of the shadow of Aston and begin to produce some interesting cars then this

[flemke]

Fittster said:

JAGUAR LAND ROVER (JLR) is in secret talks with the government for a £1 billion loan, just nine months after Tata, the Indian conglomerate, bought the luxury-car marque.

http://business.timesonline.co.uk/tol/business/ind...

In my view the purpose of the state isn't to prop up failing business (car makers or banks)

On the other hand, when the government has done many things to damage a company's business, it doesn't seem crazy to look to the government to help in other ways.

[NiceCupOfTea]

Will be interesting if the govt. do throw money at Jag - didn't they refuse to bail out Rover a few years ago? I don't see the prognosis for Jag being any better than it was for Rover back then...

[triggersbroom]

Tata have the funds, without question. They do not want to inject any money into the company, and I personally think it is a disgrace they are going to the Government cap-in-hand.

Seems all the overseas investors are bending this country over IMO.

Has UK/India history something to do with this - who knows?

[Zod]

minimatt1967 said:

That is a bloody shame, Jaguar finally come out of the shadow of Aston and begin to produce some interesting cars then this

Really? I must have missed these cars.

[Ravell]

Considering their owned by an indian company, shouldn't they be asking the indian government rather than the british?!

[gj88]

flemke said:

Fittster said:

JAGUAR LAND ROVER (JLR) is in secret talks with the government for a £1 billion loan, just nine months after Tata, the Indian conglomerate, bought the luxury-car marque.

http://business.timesonline.co.uk/tol/business/ind...

In my view the purpose of the state isn't to prop up failing business (car makers or banks)

On the other hand, when the government has done many things to damage a company's business, it doesn't seem crazy to look to the government to help in other ways.

Its not a surprise IMO. GM are thinking of doing the same in the US, unless they already have.

[tomcole20]

I agree, surely tata have the cash, and why the british government??????

[flasher]

Zod said:

minimatt1967 said:

That is a bloody shame, Jaguar finally come out of the shadow of Aston and begin to produce some interesting cars then this

Really? I must have missed these cars.

says the bloke who's only ever owned BMW's..........

The XF is superb, I really hope Jag survive. Dealers are going bust all over the shop though and this goverment are hardly helping the motor industry are they. If the new road tax bands come in as planned Jaguar and Land Rover are stuffed.

[jimmyb]

tomcole20 said:

I agree, surely tata have the cash, and why the british government??????

It's a british company with british jobs at risk hence leverage in their request to government for funds.

[off_again]

Blimey, surprised to see that some people would be more than happy to see the prestigious, long-serving and iconic brands of Land Rover and Jaguar to be 'sent to the dogs' because they should live and die by the funding they have.

I am not suggesting that we should shovel a huge amount of public money into them to support the business, but given that this is an incomplete story and leaked from secret meetings - maybe it might be a good idea to understand the full story before we send Jaguar / LR / RR to the history books....

[drivin_me_nuts]

Govt money dumped into the wheezy cat would be plain wrong.

[hilly10]

flasher said:

Zod said:

minimatt1967 said:

That is a bloody shame, Jaguar finally come out of the shadow of Aston and begin to produce some interesting cars then this

Really? I must have missed these cars.

says the bloke who's only ever owned BMW's..........

The XF is superb, I really hope Jag survive. Dealers are going bust all over the shop though and this goverment are hardly helping the motor industry are they. If the new road tax bands come in as planned Jaguar and Land Rover are stuffed.

I will second that the new XF is indeed a splendid car and I would have had one over my A5 tdi had they been available at the time of order.

[Cooky]

NO NO NO, you're all way off the 'marque' (sorry couldn't resist)

Gordie is going to buy Jaguar for his best mate (Two Jags) as an Xmas pressie....move production to Iceland and hope we all forget about it, leaving a nice little earner for himself after he's finished dry bumming us.

[Ravell]

jimmyb said:

tomcole20 said:

I agree, surely tata have the cash, and why the british government??????

It's a british company with british jobs at risk hence leverage in their request to government for funds.

So by that logic, would it be okay for Toyota, Nissan, GM, BMW, Ford, Honda, etc. to ask our government for cash? Seeing as all of them have large operations in the UK and employ many british workers?

I understand that Jaguar used to be a british company, but it isn't any more and are Tata's responsibility.

[FourWheelDrift]

triggersbroom said:

Tata have the funds, without question. They do not want to inject any money into the company, and I personally think it is a disgrace they are going to the Government cap-in-hand.

Seems all the overseas investors are bending this country over IMO.

Has UK/India history something to do with this - who knows?

If they are asking for £1Billion as a cash injection into a business I'd ask for a percentage of TATA in return, since they turn over $65billion and profits in the region of $4billion I'd ask for 30% if not I'd be "ooooooooooooot"