It’s official, India’s largest Automotive company, TaTa Motors, has managed to refinance their loan that they used to purchase Jaguar Land Rover from Ford Motor Corp. The suspense is finally over! Mr. C. Ramakrishnan, Chief Financial Officer of Tata Motors, said “This transaction was concluded amidst challenging market conditions in the global credit markets and in the automotive sector. Tata Motors thanks the lending institutions for the trust reposed by them in the performance and outlook of the company.” Well said, and to that we can all share a cold glass of cheer, and be very grateful that our beloved Land Rover brand will continue to remain a prosperous company, despite an economic down turn.
We here at LROffroad.com are glad to see this, we never expected the company to go bankrupt, but in these tough financial times you can never be too certain. The fact remains, Land Rover is a great company, and shall remain that way through out the economic down turn! Happy Rovering to all, and to all a good day! Cheers!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Wednesday, May 27, 2009
Wednesday, May 20, 2009
Credit crunch effecting Jaguar Land Rover
Jaguar Land Rover has been in negotiations with the British government who could possibly be guaranteeing a large amount of loans to our beloved Land Rover product line. These negotiations have been in progress for a while now, and it seems the only problem is that the British government wants to gain too much control of the company. The British government feels it owes it tax payer’s the duty of making sure that the tax money is invested properly and that the companies who receive this money spend it wisely. However, in the governments attempt to help “Protect” tax payer’s money they could actually be making a mistake by trying to assume too much control of a company in an industry that they have no experience in.
When considering how to spend tax payer money, why not invest in a solid company who is providing thousands of jobs. Let’s not forget that if thousands of jobs suddenly disappear then the government will no longer be getting tax money from those who used to be working, and those who used to be working now spend less money, and into a downward spiral we go. Jaguar Land Rover is a fantastic company with an ever increasing future. Both companies have some great new products heading into 2010. The 2010 line up for both Jaguar and Land Rover have some of the nicest luxury vehicle’s one could dream of.
Jaguar Land Rover is a healthy viable business. Jaguar Land Rover has been and will remain a profitable business. Jaguar Land Rover made £327 million operating profit in 2007 and £310 million operating profit in the first half of 2008. This is not something that you read about everyday in some news articles. In fact, Land Rover’s real issue is not the fact that they are going under. Companies that fail do not produce profit, and Jaguar Land Rover has tens of years of positive cash flow and employs thousands of proud employees. Jaguar Land Rover is not a failing business, it just needs the British Government to guarantee loans to them so that they can refinance that loan that they took to purchase the company from Ford.
Remember to check out LROffroad.com, “The Place for Land Rover Enthusiast’s”
When considering how to spend tax payer money, why not invest in a solid company who is providing thousands of jobs. Let’s not forget that if thousands of jobs suddenly disappear then the government will no longer be getting tax money from those who used to be working, and those who used to be working now spend less money, and into a downward spiral we go. Jaguar Land Rover is a fantastic company with an ever increasing future. Both companies have some great new products heading into 2010. The 2010 line up for both Jaguar and Land Rover have some of the nicest luxury vehicle’s one could dream of.
Jaguar Land Rover is a healthy viable business. Jaguar Land Rover has been and will remain a profitable business. Jaguar Land Rover made £327 million operating profit in 2007 and £310 million operating profit in the first half of 2008. This is not something that you read about everyday in some news articles. In fact, Land Rover’s real issue is not the fact that they are going under. Companies that fail do not produce profit, and Jaguar Land Rover has tens of years of positive cash flow and employs thousands of proud employees. Jaguar Land Rover is not a failing business, it just needs the British Government to guarantee loans to them so that they can refinance that loan that they took to purchase the company from Ford.
Remember to check out LROffroad.com, “The Place for Land Rover Enthusiast’s”
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Tuesday, May 19, 2009
Land Rover off roaded properly in the UK, awesome video
Check out this awesome off road video from an excursion in the UK! LROffroad.com has stumbled accrss this on YouTube and we think it is one of the best examples of how awesome a Land Rover can be off road! This video is intense and it has been featured on LROffroad.com as the vide of the week! Enjoy, and continue to check us out as we update our video of the week every Sunday night, and we are always feeding you new info on the best new products for your Land Rover! Enjoy the video below
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
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Thursday, May 14, 2009
2010 Land Rover Range Rover Sport, first we saw it at the New York Auto Show and now we get to see a video of it off road!
Check out what the brand new 2010 Range Rover Sport by Land Rover has to offer. First it was unveiled to us at the New York Auto Show where it boasted flashy new design styling, and some awesome new LED’s in the head lights and now we have video footage of it! I was planning on sharing a few pictures and some kind words about this new Rover with you, but in my search for awesome pictures I was overcome by this incredible video of the new 2010 Range Rover Sport. First we get to see some images scanning the exterior and interior of the car which is just incredible. The two tone leather and dashboard are just awesome. Then we get to see a brief glimpse of what this new Land Rover can do off road. Enjoy the video, and don’t forget to check out our website to see what these things are really capable of doing off road! LROffroad.com
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Labels:
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Wednesday, May 13, 2009
Land Rover and Jaguar in financial trouble? How is Tata Motors dealing with this situation?
There seems to be a good amount of chatter going on about Land Rover and Jaguar being in trouble financially, even mention of the possibility of this major car company going bankrupt. It seems like everyday I read blog’s and article’s spreading doom and gloom, however if you look closely it is clear that there are two sides to this story. The media typically likes to sell doom and gloom, but we Land Rover enthusiast’s like to deal in facts, and make calculated decisions and opinions. In a few days we will be sharing our calculated view on this with you, and you better believe there will be a slight political rant, and some soft praises sung for Tata Motors and how they are handeling this situation…. Stay tuned, this is going to be good!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
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Sunday, May 10, 2009
I watched a movie at a drive in from the roof of my Range Rover this past weekend!
This past weekend I went with some friends to a drive-in movie theatre out in Albemarle, NC and we had a great time watching "Wolverine" "Fighting" and "State of Play". This blog is not about reviewing the movies, even though all 3 were fantastic, it is simply to share another joy of Land Rover ownership!
Here is a pic of the festivities, that is actually my brother and sister, I took residence on my tailgate, and then 3 other friends joined us via chairs and shared space on my tailgate! Now the not so fun person to be around might be saying to himself right now, "You can watch a movie from the roof of any car!" Although this may be true, I am afraid that all other vehicle's wouldn't nearly provide as much pleasure as that of a beloved Land Rover or Range Rover. You see there is something about a Land Rover that all us loyal owner's have come to appreciate! A Land Rover isn't nearly just a fashion statement, or the best looking SUV on the road; it is a capable machine which can take you to anywhere you want to go in the world and get you there in unmatched comfort and style! On this less extreme excursion we were enjoying the Harmon Kardon 13 speaker sound system a little more than the 4-wheel drive, but the tailgate and sturdy roof realy came into play aswell!
We had a fantastic evening and if you are searching for something fun to do with your family or friends, I can definately recommend loading up a Rover full of good people and enjoying a great film from the comfort of your own car! Cheers, Happy Rovering!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Here is a pic of the festivities, that is actually my brother and sister, I took residence on my tailgate, and then 3 other friends joined us via chairs and shared space on my tailgate! Now the not so fun person to be around might be saying to himself right now, "You can watch a movie from the roof of any car!" Although this may be true, I am afraid that all other vehicle's wouldn't nearly provide as much pleasure as that of a beloved Land Rover or Range Rover. You see there is something about a Land Rover that all us loyal owner's have come to appreciate! A Land Rover isn't nearly just a fashion statement, or the best looking SUV on the road; it is a capable machine which can take you to anywhere you want to go in the world and get you there in unmatched comfort and style! On this less extreme excursion we were enjoying the Harmon Kardon 13 speaker sound system a little more than the 4-wheel drive, but the tailgate and sturdy roof realy came into play aswell!
We had a fantastic evening and if you are searching for something fun to do with your family or friends, I can definately recommend loading up a Rover full of good people and enjoying a great film from the comfort of your own car! Cheers, Happy Rovering!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Labels:
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Monday, May 4, 2009
Land Rover video of the week Camel Trophy 1984 Brazil Mud Bath!
Here is our Land Rover video of the week from last week, be sure to check out our site this week for a new video, and click the link at the top of our website!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!
Labels:
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