To begin with, Mini, and Land-Rover/Jaguar, are no more âin troubleâ than any other automobile manufacturers, and a damn sight better off than most.Argee2007 said:Landrover are in trouble, Mini are in trouble and LDV are in trouble, . . .
The three companies you mention, are coincidentally, probably, the best placed of any in the world to withstand these âtemporaryâ economic difficulties.
All three are owned by wealthy individuals/families - who do not have to âpander/answer toâ shareholders meetings.
LDV (through GAZ - Gorky Automobile Zavod) = Oleg Deripaska.
Land-Rover/Jaguar = Ratan Tata.
Mini (through BMW) = Quandt family.
Wealthy individuals/families can take the long-term view, and have the ability to forgo share dividends for as long as it takes - without fear of being sacked/voted off the board of directors, etc..
From 1990 to 1996, I was in Nizhniy Novgorod (previously the closed city of Gorky), working with GAZ - then controlled by Pugin. Pugin, had been the Soviet Minister for the Automobile industry. (PuGin. Not PuTin !). During that period, I also visited LDV.
I did succeed in brokering a joint venture deal between GAZ and Volvo - for Volvo to transfer to Nizny Novgorod, the assembly (and eventually manufacture) of the 740/760 series. I am still very cynical as to why that deal did not develop.
I can only advise extreme caution for anyone contemplating doing âbusinessâ with Russians !!