T he last lap of Andy Palmer’s reign as chief executive of Aston Martin was the cruellest. As he lost his job, the share price rose 28%. The market’s implied judgment was harsh but fair: a new driver was desperately needed to give credibility to Aston Martin’s latest pitch about corporate turnaround. Palmer, said his… Continue reading Aston Martin underlines the tricky part of the Treasury’s rescue effort | Nils Pratley
Tag: Tata
China’s Chery Auto plans to sell cars in EU, United States: chairman
FILE PHOTO: A visitor walks next to a Chery car during the 16th Shanghai International Automobile Industry Exhibition in Shanghai, April 20, 2015. REUTERS/Carlos Barria BEIJING (Reuters) – China’s Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) (TAMO.NS), is planning to sell its own-branded cars in the European Union and United… Continue reading China’s Chery Auto plans to sell cars in EU, United States: chairman
Ola Electric acquires Etergo, to launch own line of electric two wheelers this year
Ola Electric, the EV business that spun out of the ride-hailing giant Ola last year, has acquired an Amsterdam-based electric scooter startup as the Indian firm looks to locally produce and launch its own line of two wheelers as soon as this year. The Indian firm said Wednesday it had acquired Etergo, a Dutch firm… Continue reading Ola Electric acquires Etergo, to launch own line of electric two wheelers this year
@Tata: Tata Motors restarts operations at selected plants and dealerships
13 May, 2020 Introduces a safe, convenient and engaging experience for its customers Key highlights: Resumes production at Pantnagar and Sanand plants Lucknow, Dharwad, Jamshedpur and Pune plants in final stages of pre-operational preparation Dedicated teams ensuring safe work environment at each location Calibrated start across all plants with limited, essential staff Selected dealerships for… Continue reading @Tata: Tata Motors restarts operations at selected plants and dealerships
Jaguar Land Rover in talks over government loan
Jaguar Land Rover (JLR) is in talks with the government to secure a loan of more than £1bn, following a drop in sales during the coronavirus pandemic. According to reports, the carmaker has been in discussions for weeks about a support package. JLR, which is owned by India’s Tata Motors, has seen sales plunge by… Continue reading Jaguar Land Rover in talks over government loan
@Tata-JLR: By Miles, the pay-by-mile car insurance provider, raises £15 million in Series B funding
By Miles, the UK’s first real-time pay-by-mile car insurance provider and InMotion Ventures portfolio company, has successfully raised £15m in a Series B funding round led by CommerzVentures. The insurtech company is on a mission to make car insurance fairer for the UK’s 19 million lower mileage drivers – those who drive less than 7,000… Continue reading @Tata-JLR: By Miles, the pay-by-mile car insurance provider, raises £15 million in Series B funding
Mapbox and SoftBank form joint venture to provide mapping tech to Japanese developers
SoftBank Corp. and Mapbox, the mapping data company that competes with Google and Here, announced that they have established a joint venture called Mapbox Japan. The JV will provide Mapbox’s mapping platform, including APIs and data services, to developers in Japan. Between June 1 and September 30, Mapbox Japan will also provide up to three… Continue reading Mapbox and SoftBank form joint venture to provide mapping tech to Japanese developers
‘My £74K redundancy package has vanished’
Employees at a car parts plant say they will lose thousands from their redundancy deal after the firm went into administration. Martin Hindle, 54, worked at Arlington Automotive Group for 30 years and was promised £74,000 in a redundancy deal. He now estimates he will get £14,000. The firm previously agreed a £1m package for… Continue reading ‘My £74K redundancy package has vanished’
@Tata-JLR: FIRST RANGE ROVER MADE UNDER SOCIAL DISTANCING MEASURES COMES OFF JAGUAR LAND ROVER’S SOLIHULL PRODUCTION LINE
About Jaguar Land Rover Jaguar Land Rover is the UK’s largest automotive manufacturer, built around two iconic British car brands. Land Rover is the world’s leading manufacturer of premium all-wheel-drive vehicles. Jaguar is one of the world’s premier luxury marques, as well as being the first ever brand to offer a premium all-electric performance SUV,… Continue reading @Tata-JLR: FIRST RANGE ROVER MADE UNDER SOCIAL DISTANCING MEASURES COMES OFF JAGUAR LAND ROVER’S SOLIHULL PRODUCTION LINE
@Tata-JLR: JAGUAR LAND ROVER SPECIAL VEHICLE OPERATIONS REPORTS FISCAL 2019/20 RETAIL SALES GROWTH
About Jaguar Land Rover Jaguar Land Rover is the UK’s largest automotive manufacturer, built around two iconic British car brands. Land Rover is the world’s leading manufacturer of premium all-wheel-drive vehicles. Jaguar is one of the world’s premier luxury marques, as well as being the first ever brand to offer a premium all-electric performance SUV,… Continue reading @Tata-JLR: JAGUAR LAND ROVER SPECIAL VEHICLE OPERATIONS REPORTS FISCAL 2019/20 RETAIL SALES GROWTH