With the global economy continuing to stumble, many automakers are seeking some sort of financial backing from their respective governments. However, the UK’s Jaguar Land Rover is not in support of a government bailout, with the hopes of finding a better solution.
Although cold hard cash will keep an automaker’s doors open, JLR recognizes that a bailout doesn’t attack the root of the problem – collapsing sales. As such, JLR wants the British government to focus on getting credit to consumers rather than on keeping automakers on life support.
“We are clearly in very difficult times, in difficult trading conditions,” Jaguar Land Rover CEO David Smith told Sky News. “Unfortunately, what we’ve got now is a situation where consumers aren’t spending and consumers aren’t lending, so it’s a double whammy.”
Smith, along with other auto industry representatives, will meet with the British government next week to discuss several issues, including securing British jobs and encouraging consumer spending.
01/23, 10:21 AM
posted by:
HoosierHero
Why not move everything to India and ask them for a bailout? Eh Tata?
01/23, 10:31 AM
posted by:
yarddog82abn
Leave it to the British to think out side the box, it must be all that tea they drink… That or the New Castle beer…
Aaaa…. New Castle in a ice cold glass, and some Fish & Chips. I know they drink it at room temp. but it is way better in a ice cold glass…
01/23, 11:16 AM
posted by:
JohnnyBlazE
HoosierHero you arsetard, they’re not seeking government bailout money.
Why would seeking it elsewhere solve the problem of falling sales?
Goddamn morons on this site sometimes.
01/23, 11:32 AM
posted by:
Zcarsales
Good for them.
01/23, 11:42 AM
posted by:
HoosierHero
JohnnyBlaze- it’s just a matter of time. Read the article- “…with the hopes of finding a better solution.” and “…will meet with the British government next week to discuss several issues, including securing British jobs” doesn’t sound very optimistic. Nor does it say how much cash they have on hand right now. If Tata bought them free and clear it will at least help.
A bailout doesn’t solve falling sales moron and I never said that. Read the article, or better yet, go back to your picture books…
-Arsetard
01/23, 12:37 PM
posted by:
g93
wow someones acctually smart in this industry,,good 4 jlr
01/23, 1:17 PM
posted by:
mayer_ray_nagin
….. Jaguar Land Rover CEO David Smith told Sky News. “Unfortunately, what we’ve
….. got now is a situation where consumers aren’t spending and consumers aren’t lending,
….. so it’s a double whammy.”
The double whammy upside the head is what this moron Jaguar needs from a baseball bat if he think consumers want to lend him money. The BANKS aren’t lending, fool … they aren’t lending that $700B that our beloved leaders in DC gave their banking buddies from our pockets.
Göddämn politicians and bankers can all blöw me.
01/26, 7:36 AM
posted by:
JohnnyBlazE
HoosierHero,
You suggested they move to India and ask for a bailout there though…
That is counter-productive toward securing British jobs, but they wanted to ensure the Brits had some work still, so I doubt moving everything to India would help.
Also I never said you said anything about a bailout solving the problem of falling sales asshat, but that JLR recognise the root of the problem, as per the article… If the problem has been recognised, and they know a bailout won’t help, then seeking a bailout back in India will also have no effect… That, however, is a solution you suggested. Thus making you the asshat.
The only picture books I read are those where your mother and her pop-up Tatas are involved, so if you have the Amazon link to the latest issue of HoosierHero’ Whore Mother, then please do send it across.
-Moron