Jaguar/Land Rover needs £500 million from the UK government to prevent layoffs

Ratan Tata bought Jaguar and Land Rover (JLR) expecting to pick them up and help them fly. Instead, as with nearly every other car manufacturer, he's having to dig them out of a deepening hole. From last December through next month, 1,800 employees have either been laid off, released or asked to leave. According to Tata, if the UK government doesn't give JLR £500 million ($715 million USD) in loan guarantees, more people will have to go.

The government appears to be passing on the request, having already given Land Rover a £27 million ($38 million USD) loan to help it create the LRX. Even as the government is continuing to help JLR secure bank financing, the line on JLR's new request for loan guarantees is that "the primary responsibility for short-term financing or longer-term restructuring rests with the parent company."

[Source: Automotive News]

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Mercedes-Benz SL63 AMG returns as F1 safety car for 2009

AMG has been involved in Formula 1 for well over a decade now, starting with a Mercedes-Benz C36 AMG serving as the safety car back in 1996. Most recently, the SL63 AMG earned the spot last year, and it is returning for 2009 to set the pace at each F1 race this year. To ensure that it's capable of performing its duties in any situation, the car has been fitted with quite a few upgrades, including an upgraded coilover suspension system, a three-stage traction control system, massive composite brakes – 15.4 inches up front and 14.2 inch in the rear – and additional coolers for the oil, transmission, coolant, and power steering. The overall weight of the car has also been reduced by 485 pounds thanks to carbon-fiber-reinforced plastic body components and the removal of the convertible top mechanism.

[Source: Mercedes-Benz]

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