Jaguar Land Rover

"Land Rover is a world-renowned manufacturer of premium 4x4's based in the United Kingdom"

and

"Based in the UK, Jaguar Cars Limited is one of the world’s premier manufacturers of luxury sports saloons and sports cars"

Its pretty daunting to find out that even such powerful car brands in the industry, that will make anyone faint in awe by just seeing them driving past on the high streets, can recently file a report to seek bail-out amidst all the economic crisis that our crazy world is facing.

and honestly i wouldn't say that i was really really shocked over the news that i saw from Autocars online a while ago. with all the wild bumps that the economic world just had (like Lehmann brothers, AIG and wadever else), i guess we're kinda prepared to hear more such discouraging news.

more about the Jaguar Land Rover bail-out.

Apparently, they are reported to be seeking a £1bn emergency loan from the UK government as the sales of the company's vehicles continue to plummet. As to what extent has the sales dropped, well a whooping 37 percent drop in the US market for the first 10 months and another 27 per cent fall in the UK are severe enough to just throw those jaguars back into the cage.

however, some parties have opinions that JLR should not receive such emergency loan from the government, especially during this period of uncertainties, as it is for the greater good fo the society to let companies downsize or even fail and not to be lumbered with high taxes for the next few decades.

what do you guys think? feel free to discuss.

as for me, i will continue drooling over Jaguar XF which can cost up to $300000. Dayemm.