The Range Rover line is still selling strong in the market while Jaguar recently introduced the range of XK and the 2010 XF but despite all these Tata confirmed that they will need to take drastic measures to revive the Jaguar Land Rover tandem. The 2008 financial year still did not return any profit for the premium British brands.
Tata, the mother company of the marques, looks at the positive side and still believes that Jaguar Land Rover will be profitable again in the future. Undeniably, cutbacks are scheduled to meet this goal, the Indian conglomerate will shutdown one among three assembly plants that construct the Jaguar and the Land Rover vehicles.
The time table for the closure should be completed by 2014 and the primary reason cited is to help the business recover and see some good news on their sales figures.
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Comment » | Jaguar, Land Rover
You know, it is tough — you see all of these innovative new cars, and the fact of the matter is that most of us cannot possibly afford them … or can we? Actually, if you are willing to do some research and buy smart, it is possible to make the current automotive crisis work to your advantage.
You see, right now, car dealers all over the United States — and the rest of the world — are doing anything that they possibly can to beat the deals being offered by their competitors. There are, for once, too many cars and not enough buyers — which means no money for all those dealers. You only have to look at all the recently bankrupt manufacturers to see the depth of the problem.
Right now, it is possible to get new cars for as much as six thousand dollars less than the same models from a year ago. If you are willing to haggle a little bit and check out the dealerships near you in the most problem, you can walk away with a real steal.
Comment » | Financial Crisis
