London’s Premier Cash Car Buyer Specialist

Archive for October, 2009

Oct
4

Jaguar to Shut Midlands Plant

As the ripples of the credit crunch continue to be felt across the automotive pond, Jaguar Land Rover has said it will close one of its West Midlands plants by the middle of the next decade.  It hasn’t been confirmed yet but the closure will either affect the Castle Bromwich plant in Birmingham or the factory in Solihull.  The company which is owned by the Indian monster Tata says that there will be no net job losses as approximately 800 new jobs will be created at the company’s Halewood plant on Merseyside, which will start building a new Range Rover.  However, the GMB union has confirmed it will be opposing the move.

Oct
4

Scrappage Scheme Extension

Although hailed as the reason for the uptick in car sales in recent months, the government’s scrappage scheme has of course always been subject to a shelf life.  As the money has started to run out, industry figures have been calling for an extension to the scheme, crediting it with turning around 15 months of falling sales. The Society of Motor Manufacturers and Traders (SMMT) met with Business Secretary Lord Mandelson recently to ask for a further £200million in funding as, of the original 300 million made available, two thirds has already been claimed and the scheme will run out of juice in November.  The extra cash injection would allow the scheme to continue until February.

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