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Beijing Chaoyang District Court said on Friday that Evoque, whose latest model was launched in 2018, had five unique features that were copied directly in the Landwind X7 built by Jiangling Motors, leading to widespread consumer confusion. The court ruled that all sales, manufacturing and marketing of the Landwind vehicle must stop immediately and Jaguar Land Rover be paid compensation.
LONDON (Reuters) - Luxury carmaker Jaguar Land Rover, part of Tata Motors Ltd, is preparing to announce hundreds of millions of pounds worth of investment in Britain, the BBC reported on Friday. The reported ...
Two media reports said the company was considering options including a minority stake sale in the JLR unit or finding a venture partner that would jointly develop vehicles and lower costs. The reports of a potential stake sale drove Tata Motors shares up as much as 3.7 percent to 184 rupees. "There is no truth to the rumours that Tata Motors is looking to divest its stake in JLR," a Tata Motors spokesperson told Reuters.
S&P Global Ratings on Tuesday https://www.bseindia.com/xml-data/corpfiling/AttachLive/77a50344-91e6-4afd-966e-3101511d5c6d.pdf cut its rating on issuer credit and senior unsecured notes to 'BB-' from 'BB' for both Tata Motors and JLR. The ratings remain on negative watch, reflecting the uncertainties for JLR from a fast-approaching Brexit deadline, S&P said.
The Engine Manufacturing Centre in Wolverhampton, central England will take a temporary pause in production, in response to adjustments in vehicle production schedules, Britain's biggest carmaker Jaguar Land Rover said on Thursday. Tata Motors stock was the biggest percentage loser on the indexes and posted its biggest daily fall since Nov 13.
MUMBAI/BENGALURU (Reuters) - India's Tata Motors Ltd on Wednesday announced a turnaround plan for its luxury car unit Jaguar Land Rover which has been hit hard by trade tensions between China and the US, low demand for diesel cars in Europe and worries over Brexit. Under "Project Charge" Tata Motors said it plans to cut costs and improve cash flows at Jaguar Land Rover (JLR) by 2.5 billion pounds ($3.2 billion) over 18 months. JLR also plans to launch several new vehicles including the Jaguar I-Pace and the new Range Rover Defender over the next few years and will offer a hybrid or electric version of all its models by 2020.