JAGUAR HAS ANNOUNCED that its entry level offering, the X-type, will wrap up production before the end of 2009. The last of Jaguar’s ‘old-guard’ offerings, the Mondeo-based X-type was originally intended to live on until at least mid-2010.

The decision to drop the X-type comes amid sweeping cost-cutting measures at Jaguar Land Rover to help shore the [...]

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The folks in Detroit aren’t the only ones in trouble, as Europe’s car industry is also feeling the global economic pinch in a big way. PSA Peugeot Citroen recently accepted a €3 billion loan from the French government, and now Jaguar Land Rover is about to receive its first cash injection.

The European Investment Bank is [...]

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As part of a push to defibrillate flatlining new car sales in the USA, General Motors’ financial arm GMAC has slashed fees, cut or delayed repayments and - somewhat worryingly - recommenced sub-prime lending.

Sub-prime lending, as most of you are probably aware, is the practice of approving loans for customers who would not ordinarily be [...]

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