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Entries in Jaguar (2)

Tuesday
Dec112012

Jaguar Puts the Brake on Its Most Expensive Car

Mark Renders/Getty Images(NEW YORK) -- Jaguar has decided to scrap its most advanced -- and expensive -- car to date, and the recession is to blame.

Despite having some 100 potential buyers for the C-X75 hybrid, which is capable of speeds upwards of 200 miles per hour, the company has pulled the plug.

The Sun quotes company spokesman Adrian Hallmark as saying of the announcement, "It is very disappointing and it was a hard decision -- everyone was in love with the car.  But we don't think it's the right thing to do in the current economic climate to build a £1million supercar."

Production on the vehicle would reportedly have been limited to 250 vehicles, but even the ultra rich are feeling the pinch. The company feared potential clients would hold back and leave the supercar unsold.

Copyright 2012 ABC News Radio

Sunday
Oct242010

Reports: Jaguar Land Rover Seeking Chinese Partner

Tata Motors CEO Carl-Peter Forster. Photo Courtesy - Getty Images(SHANGHAI) – Jaguar Land Rover has announced plans to boost the company’s presence in the world’s leading auto market.

A subsidiary of India’s Tata Motors Ltd., the company is reportedly in talks with a Chinese automaker to establish a manufacturing and sales venture in China.

Tata Motors’ Chief Executive Carl-Peter Forster said this weekend that the company is in discussions with a potential partner to expand the unit's manufacturing and marketing operations.

China displaced the U.S. last year as the world’s leading auto market.

Copyright 2010 ABC News Radio







ABC News Radio