Late on Thursday, as a measure to stop the spread of the Wuhan coronavirus, Jaguar Land Rover said it will temporarily halt production at its UK manufacturing facilities from next week. Production is likely to resume in the week of… Read More ›
JLR
Hard Brexit border to cost 50K pounds a minute in border delays: British car industry body
Boris Johnson and rival Jeremy Hunt, have both said they are prepared to take Britain out of the EU without a deal on Oct. 31, 2019, although this is not their preferred option. In a statement, Britain’s car industry warned… Read More ›
PSA Group in advance talks to acquire JLR from India’s Tata Motors
The Peugeot carmaker has shown a willingness for others to join its bid for acquiring JLR. In a significant development, the PSA Group stated, it is ready to consider a potential tie-up for acquiring UK-based Jaguar Land Rover (JLR) from… Read More ›
Jaguar Land Rover announces opening of new technical office in Hungary in 2019
JLR’s new technical engineering office in Hungary will close collaboration of Hungarian engineers with their British peers; the new office is also aimed at aligning JLR’s supply chain across central central and eastern Europe. On Friday, Britain’s biggest carmaker, Jaguar… Read More ›
‘No Brexit’ deal will have a devastating impact on the car industry
British and EU’s carmakers will feel the effect of a cliff hanger Brexit. With Brexit’s March 29 deadline fast approaching and faced with growing fears of a cliffhanger exit , Britain’s carmakers have triggered some of their Brexit contingency plans,… Read More ›
British carmaker Aston Martin preparing for October IPO worth $6.7 billion
According to Aston’s Martin’s CEO, Andy Palmer, investor interest in the IPO is high. The IPO will mark the 1st time a British carmaker has tapped the primary market in decades. On Thursday, British luxury carmaker Aston Martin stated, it… Read More ›
Jaguar Land Rover picks China for its first overseas engine plant
Like much of the British car industry, the uncertainty surrounding Brexit negotiations is pushing companies to invest overseas rather than expand production facilities in the country. On Friday, Britain’s Jaguar Land Rover picked China for its first overseas engine plant… Read More ›
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