Jaguar Land Rover CEO Ralf Speth reiterates that the company would welcome alliances on technology and components but insists it doesn’t need a merger partner.
Speth tells Reuters that neither JLR nor parent Tata Motors Ltd. is searching for a sale partner. “The answer is ‘no,’” he tells Reuters, adding that “we can really survive on our own.”
Last week sources told Bloomberg News that Tata had made overtures to several carmakers, including BMW and Geely, about selling off at least part of JLR. But Speth instead sees the potential for more alliances like the one it formed in June with BMW to co-develop electric vehicle powertrain components.
Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.
Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.
A class-action lawsuit has been filed against General Motors Co. over claimed flaws in the company’s 8-speed automatic transmission used in 2015-2019 model rear-drive vehicles.