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Jaguar Land Rover - Jewel In Crown? - Just British
Jaguar Land Rover’s importance to the West Midlands has been spelled out as business minister Lord Mandelson considers a rescue package for the embattled UK car industry. The Indian-owned company is critical for the future of the region, according to Mick Laverty, chief executive of development agency Advantage West Midlands. And JLR chief executive David Smith urged the government to support the industry’s “jewel in the crown” with funds to help it to survive the recession and credit crisis. Mr Laverty and Mr Smith were speaking at a round table meeting held at a Birmingham restaurant that was hosted by government manufacturing adviser Professor Lord Kumar Bhattacharyya, head of the Warwick Manufacturing Group. He claimed that JLR would have “gone into thin air” in the present crisis had Ford sold it to private equity interests instead of Tata Motors of [...]