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Crunch watch June 09: the auto industry in crisis
Tue, 30 Jun 2009By Tim Pollard, Ben Pulman and Peter Adams Motor Industry 30 June 2009 11:35 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 30 June 2009• Porsche says it is no longer applying to the German Kreditanstalt für Wiederaufbau central bank for a €1.75 billion bridging loan. This means it'll now have to seek finance elsewhere (Porsche) • Seat announces its best-ever month for used car sales; it sold 915 second-hand cars in May (Seat)Monday 29 June 2009• Jaguar Land Rover has opened its first showroom in India.
Tata is leading JLR bidder
Thu, 03 Jan 2008By Ben Pulman Motor Industry 03 January 2008 13:16 Ford looks set to sell Jaguar/Land Rover (JLR) to Tata. In a statement to JLR workers today, Ford of Europe chairman Lewis Booth said: ‘Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.’ This is the first time that Ford has publicly revealed the identity of any bidder for JLR. JLR has been up for sale since June 2007, and other potential bidders include rival Indian vehicle maker Mahindra Group and private finance group One Equity fronted by former Ford CEO Jac Nasser. Tata itself already owns a few famous names, including Tetley Tea and Corus (formerly British Steel).
Top Gear Speed Week: 25 Best Performance Cars on video
Wed, 18 Jul 2012Top Gear’s Speed Week has gathered together the 25 most inspiring performance cars for an outing at Dunsfold. It’s not the easiest trick to pull off – gathering 25 of the most inspiring performance cars of the last twelve months in one place – but Top Gear has managed it. They’ve gathered together everything from a Morgan Three-Wheeler to a Lamborghini Aventador at the Top Gear test track at Dunsfold for a serious two days of hooning and madness.