TB
Member Since: 19 Feb 2006
Location: Depends who wants to know . . .
Posts: 5927
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Ford didn't sell Jaguar & Land Rover because they knew there was a global recession on the horizon. They sold Jaguar & Land Rover because they were losing money hand over fist in the States and didn't have the money to invest in future model development for either of the UK companies.
It's easy to forget that Land Rover made approx one billion dollar operating profit last year, which easily covered the Jaguar operating losses and then some. But it is that kind of financial return that made the Jaguar/Land Rover package attractive to potential buyers.
Production at Land Rover has been cut by almost 50% in light of the down turn in sales but at least things aren't as bad at GM. Arctic Frost TDV6 SE. Aspen Leather, Cherry Wood, Privacy Glass, PTI, Tow Pack, Mudflaps, Tasmods, a new Fuelflap, a RRSport.co.uk umbrella in the boot & a RRSport.co.uk sticker on the rear glass.
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Some people accuse me of thinking the world revolves around me, but I'm not stupid . . . I know it revolves around the sun. Which shines out of my @rse!!!
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Mon Nov 10 2008 10:15pm |
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Supertrotter
Member Since: 10 Mar 2006
Location: Brrrr.... guess where :o(
Posts: 9905
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Remember all, these things are cyclical.
When the credit crunch/recession eases, which it will the money will start flowing again and we will see a real spike in sales of premium cars once more.
All those who would normally treat themselves with such marques, but have been denied over the 18 months or so that this crap will be at the forefront will be itching to get back into their expensive toys and treats once more.
As I said, it's all cyclical.
Incidentally, I see BMW have dropped the replacement for the 8 series they were working on.
Mistake I think, as I said in 18 months or so people would be wanting to get into cars just like that.... Runner up - 2009 Best Avatar Award
Joint runner up - 2009 Outstanding Contribution Award
WINNER - 2008 ‘Best Thread’ Award – Beautiful Women Of The World
Runner Up - 2008 Comedian Of The Year Award
Runner Up - 2008’s Funniest Incident
06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - (
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Tue Nov 11 2008 6:12pm |
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