MUMBAI (NewsRise) — Moody’s Investors Service placed Tata Motors‘ rating under review for a downgrade, as the raging coronavirus pandemic threatens to further weaken the Indian automaker’s already fragile credit profile. The rapid spread of the pandemic, alongside deteriorating global economic outlook and falling oil prices, are creating a “severe and extensive credit shock across… Continue reading Tata Motors faces ratings downgrade by Moody’s
Tag: JLR
India’s Tata Motors ready to halt one plant if virus concerns deepen
FILE PHOTO: Workers assemble a Tata Tiago car inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India, August 7, 2018. REUTERS/Amit Dave/File Photo NEW DELHI (Reuters) – India’s Tata Motors (TAMO.NS) is rapidly scaling down activity at its car factory in the western state of Maharashtra and is preparing to… Continue reading India’s Tata Motors ready to halt one plant if virus concerns deepen
Press Releases – Coronavirus: EU auto industry faces unprecedented crisis
Brussels, 20 March 2020 – The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary closures of plants due to collapsing demand, supply shortages, and government measures, and are… Continue reading Press Releases – Coronavirus: EU auto industry faces unprecedented crisis
Nissan Z trademark filing hints at 370Z successor
Nissan has filed a new Z trademark, giving the strongest hint yet that it’s readying a replacement for the 370Z sports car. This trademark was filed by Nissan just days ago with the Government of Canada, as first reported by Motor Trend, and shows the Japanese company is committed to its long-standing sports car. Talking to Autocar… Continue reading Nissan Z trademark filing hints at 370Z successor
Coronavirus: Jaguar Land Rover to suspend production
Jaguar Land Rover is to suspend all production at its plants across the UK, in response to the spread of coronavirus. The firm said manufacturing would stop next week. It plans to resume on 20 April, but said this could change. Its decision is part of the company’s plan to “safeguard its business continuity”. The… Continue reading Coronavirus: Jaguar Land Rover to suspend production
@Tata-JLR: JAGUAR LAND ROVER CONFIRMS TEMPORARY SUSPENSION OF PRODUCTION AT UK MANUFACTURING FACILITIES
In light of the ongoing coronavirus situation, Jaguar Land Rover has confirmed that it will temporarily suspend production at its UK manufacturing facilities over the course of next week. The company’s intention is to resume in the week of 20 April, subject to review of the rapidly-changing circumstances. As a responsible business, Jaguar Land Rover is operating in line with advice from the NHS and Public Health England to minimise the spread of the… Continue reading @Tata-JLR: JAGUAR LAND ROVER CONFIRMS TEMPORARY SUSPENSION OF PRODUCTION AT UK MANUFACTURING FACILITIES
Jaguar Land Rover to suspend operations at all UK plants
Move follows announcement by big US carmakers of nationwide shutdown Go to Source
JLR to suspend production at UK manufacturing facilities from next week
FILE PHOTO: A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool, Britain, January 10, 2019. REUTERS/Phil Noble (Reuters) – Luxury automaker Jaguar Land Rover (TAMO.NS) said late on Thursday it would temporarily suspend production at its UK manufacturing facilities from next week to curb the coronavirus’ spread. The carmaker said it intends to… Continue reading JLR to suspend production at UK manufacturing facilities from next week
UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
LONDON (Reuters) – Some of Britain’s biggest companies with expertise in aerospace and cars have formed three teams to produce basic ventilators to help the National Health Service cope with the coronavirus outbreak. Meggitt (MGGT.L), which employs 12,000 people and builds components including oxygen systems for civil aerospace and military fighter programs, is leading one… Continue reading UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
GM, Tesla, Ford offer to make ventilators to soothe coronavirus shortages
Several automakers offered today to turn their manufacturing expertise towards helping alleviate medical device shortages as the COVID-19 pandemic threatens to overload hospitals. GM, Tesla and Ford were among those who offered help in the US. We’re tracking EV plant shutdowns across the globe, with news coming in every day about plants being shuttered. But… Continue reading GM, Tesla, Ford offer to make ventilators to soothe coronavirus shortages