Team-BHP
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https://www.team-bhp.com/forum/)
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Originally Posted by CrAzY dRiVeR
(Post 4660603)
With Mercedes, no less, on electric and autonomous vehicle technologies.
Don't see any chances of Jaguar fitting into any of their plans. Jaguar needs BMW more than the vice-versa.
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Is it? As per the link BMW and Jaguar have a collaboration going on EVs.
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BMW is working through a $14 billion savings plan and JLR is undergoing a 2.5 billion-pound savings program and cutting 4,500 jobs. The two already agreed to collaborate on their next generation of electric cars earlier this year.
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I just hope the top management of Tata Motors is kept stable. This is a crucial phase in the company's growth and it is essential that the vision is sustained and seen through. The Defender may potentially provide so much needed solace for JLRs woes negating any need for a take over and such.
Drive on,
Shibu
I think if it happens, it is a good fit for BMW. Mainly because of Land Rover positioning. It is seen as a 'take anywhere' car whereas with the BMW off-roaders, one treads with caution. I have seen Dubai sheikhs taking their LR into the harshest desert while BMWs and Mercs would be parked on the road. But Tata Motors wont let go of their crown jewel, it just doesn't make sense. Any way you look at it. They just have to ride out this bad patch they're having in China, bring out the Hybrids and Electrics. That's the future.
Chandrasekharan clears the air, Tata Motors is not willing sell off any JLR's stake, but looking for partnerships for technical advancements.
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Analysts at Sanford C. Bernstein last month described JLR as “severely challenged” and said Tata Motors should look at BMW AG as a buyer because the German company is “awash with cash.” Tata has previously denied reports it is looking at strategic options for JLR, including a possible stake sale.
Chandrasekaran said he would seek more technical partnerships to help Tata Motors transition to electric and autonomous vehicles, but he has no interest in selling the company.
“Auto is a core business for us,” he said. “We don’t want to do partnerships where we just sell a stake and we have no say. We are not financial investors.”
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Source:
ET Auto
Jaguar Land Rover bailout talks fall through
Bailout talks between Jaguar Land Rover and Tata Steel with the UK government have ended, leaving both firms to rely on private financing to overcome the impact of coronavirus on business, the Financial Times reported.
Talks for an emergency funding fell through as Jaguar Land Rover did not qualify for taxpayer support, the paper said.
Jaguar Land Rover also was unwilling to accept decarbonization requirements that would have forced the automaker to accelerate its program of vehicle electrification and phase out the diesel cars that still make up most of its fleet, the Financial Times said, citing a source with knowledge of the discussions.
Source
Quote:
Originally Posted by coolkurt
(Post 4865850)
Jaguar Land Rover bailout talks fall through
Bailout talks between Jaguar Land Rover and Tata Steel with the UK government have ended, leaving both firms to rely on private financing to overcome the impact of coronavirus on business, the Financial Times reported.
Talks for an emergency funding fell through as Jaguar Land Rover did not qualify for taxpayer support, the paper said.
Jaguar Land Rover also was unwilling to accept decarbonization requirements that would have forced the automaker to accelerate its program of vehicle electrification and phase out the diesel cars that still make up most of its fleet, the Financial Times said, citing a source with knowledge of the discussions. Source
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Can't blame the Brits. Its a difficult sell to the tax payers. Tata Steel Europe has been shutting down plants and laying off people in Britain for the last decade.
Tata Motors' official statement on Jaguar-Land Rover
Tata Motors has issued an official statement denying reports related to selling stake in Jaguar Land Rover.
Terming the latest reports as unsubstantiated, Tata Motors has stated that Jaguar Land Rover remains a key pillar of the wider Tata Group and that business remains strong despite the Covid-19 pandemic.
Official statement:
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Unconfirmed and unsubstantiated reports have been published by some media alleging that Tata Motors may sell stake in Jaguar Land Rover (JLR).
Tata Motors categorically denies and dismisses any such intent. Jaguar Land Rover is and remains a key pillar of Tata Motors and the wider Tata Group.
We recently announced our results for Q1 and have indicated that we are maintaining solid liquidity despite the Covid-19 pandemic and expect to be cash positive from Q2 onwards.
Jaguar Land Rover business remains strong as it transitions to new electrified, autonomous and connected technologies to support its Destination Zero ambition.
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Link to Team-BHP News
Tata Motors ready to sell stakes in 2 units
Tata Motors Ltd has initiated the process of selling stakes in units Tata Technologies Ltd and Tata Hitachi Construction Machinery Co. Pvt. Ltd as part of its ambitious plan to turn debt-free in three years, three people aware of the plans said.
The divestment plans are critical for the parent of Jaguar Land Rover (JLR) Automotive Plc, which saw its net consolidated debt soar to ₹68,000 crore as of 31 July from ₹48,000 crore as of 31 March following extensive cash burn due to disruptions from the coronavirus outbreak.
The Tata Motors management wants to make the India business free cash flow positive by FY21, JLR by FY22 and passenger car business by FY23.
As part of the plan, it recently hived off its passenger car business into a separate legal entity and has been in talks for a strategic partnership for this business as part of its deleveraging plan.
Source
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