[ROVERNET - UK] Sale of Jaguar and Land Rover
sands2005 at home00.eclipse.co.uk
Sat Sep 2 16:39:46 BST 2006
Word from Ford UK is that Jaguar is not for
sale... it is one of their profitable arms, if they do go ahead and
offload it is beacause of lack of profitability of the parent company...
Ford also own Aston Martin. There are strong design links between Aston
and Jaguar... think of the big Aston - Jaguar duel in the last Bond
movie...the use of a Jaguar in the same movie was no accident. The
government in Britain does not involve itself much at all in the
manufacturing sector...if they did there would have been a rescue
package for Rover (the French government had no such qualms about
shelling out for Renault). As for the unions, don't confuse now with
the seventies and state ownership of BL... in any case the unions have
little clout. Incidentally Proton (Malaysian) wants to offload Lotus....
again not a lack of profitability with Lotus... Like Ford it is Proton
the parent company that is in trouble. Some years ago Chrysler went
through a similar patch of lack of profits and sold off most of its
overseas interests... in Australia, Chrysler was bought by Mitsubishi
and is still in operation... though Mitsubishi in Japan is in financial
straits and has been considering selling off its smaller overseas
arms.... Mitsubishi Australia being one. The smaller 'boutique' car
manufacturers sem to enjoy better relative levels of prosperity than
their huge corporate cousins.
Land Rover is a separate company from Rover altogether and has been for
at least two decades... a little like Rolls Royce Cars and Rolls Royce
sspmilr at netzero.net wrote:
>Don't know of any major car manufacturer that can afford to buy either
>company, there all in trouble.
>I'll bet that the Chinese are "licking their chops" over this one! The
>company that bought the car end of Rover would be "sitting pretty" if
>they could latch onto Land Rover.
>As for Jaguar, I don't have any idea who will buy them? Maybe the
>other major Chinese car manufacturer?
>>From a North American view, it appears that the British government and
>Labor Unions have turned British car manufacturing into a socialist
>enterprise. With the workers being guaranteed employment regardless
>of their product quality. Also, small low volume companies such as
>Morgan or Aston Martin seem to trudge on.
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