| Land Rover and Jaguar welcome government emissions investment |
| Monday, 12 May 2008 | |||||
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Jaguar and Land Rover have “warmly welcomed” the announcement of government funding to enhance the development of technologies that will reduce CO2 emissions. The Technology Strategy Board and the Department for Transport, via the Low Carbon Vehicles Innovation Platform, have announced the launch of 16 innovative development projects, worth over £52m.  The projects are to receive £23m government investment through the Low Carbon Vehicles Innovation Platform.
Jaguar Land Rover's acting chief executive officer, David Smith, said: “Our engineers are at the forefront of developing new, sustainable technology and as a business we are investing £700m on projects specifically aimed at reducing CO2 emissions.
“We welcome the announcement by the Technology Strategy Board of government funding for these important projects and we fully support the additional £70m of government investment in the Low Carbon Vehicles Integrated Delivery Programme.
“This will assist Jaguar Land Rover, other UK vehicle manufacturers and their suppliers to accelerate and widen programmes to achieve even more substantial CO2 improvements for vehicles.”
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Its like flogging a ... Its like flogging a dead horse with Jag and Land Rover. Of course they welcome the investment, they arent selling any cars, everybody is turning away from Land Rover, Jaguar still isn't right, and collectively they don't have any money to invest properly. I hope it will be a few years before they get any money and hopefully they will go bankrupt. |
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