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Tata leaps in to rescue Jaguar Land Rover and avert government bail-out

A major government rescue package for Jaguar Land Rover is expected to be placed on hold amid signs that the company's Indian owners are prepared to make an emergency cash injection.As Canada became the second G8 economy to bail out its motor industry, British government sources indicated that Tata is prepared to stave off an immediate crisis.Lord Mandelson, the business secretary, warned in yesterday's Observer that the company's owners must

Monday, 22 December 2008

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  • Protesters beaten as anger grows at Russian car import taxA wave of protests over raised duties on imported cars is sweeping across Russia in the first sign of mass discontent with Kremlin measures to tackle the impact of the global financial crisis.Riot police in Vladivostok broke up a demonstration against the tariffs yesterday, beating some of the 500-odd protesters. Vladimir Sayapin, a photographer who was arrested, said police special forces had attacked him.
  • Tata leaps in to rescue Jaguar Land Rover and avert government bail-outA major government rescue package for Jaguar Land Rover is expected to be placed on hold amid signs that the company's Indian owners are prepared to make an emergency cash injection.As Canada became the second G8 economy to bail out its motor industry, British government sources indicated that Tata is prepared to stave off an immediate crisis.Lord Mandelson, the business secretary, warned in yesterday's Observer that the company's owners must

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  • Despite 6% fare increase Northern Rail is still cheaper per mile.Northern Rail is still cheaper per mile than a number of other operators. Although Northern Rail’s fares go up by 6% in January, well above inflation, it is still one of the cheapest operators at 27p per mile in comparison with other train companies. However after waiting for an hour for a connection on a drafty Preston Station I’d still like to see a more frequent service on the South Fylde line.
  • The Japanese System Eco Cycle Parks Bikes UndergroundOne of the main problems that deter bicyclists from going about their business on their alternative means of transportation is the fact that there are virtually no parking spots for their bikes, not even in major urban sprawls. If people chain them to a lamp post, there's a good chance they'll only find the chain when they return, so the issue is still opened for discussion in most countries in the world, except a select few.

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  • OPEC Output Cut May Hit ShippingAccording to a report from The Economic Times, the Indian shipping industry is concerned with the steady fall in crude oil prices and is waiting for the outcome of an important upcoming OPEC meeting. Industry officials feel that if Organization of the Petroleum Exporting Countries (OPEC) cuts production...

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