LONDON (Reuters) - Jaguar Land Rover (JLR) has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain's biggest carmaker to profit after a big hit from the Covid-19 pandemic.. Read more at straitstimes.com.
LONDON - Jaguar Land Rover has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain's biggest carmaker to profit after a big hit from the Covid-19 pandemic.
Bollore will take over at JLR on Sept 10, replacing Ralf Speth, whose tenure ends after more than 10 years."It will be my privilege to lead this fantastic company through what continues to be the most testing time of our generation," Bollore said in a statement on Tuesday. The company has already taken steps to tackle the crisis, including agreeing a loan facility of around US$700 million with lenders in China and further staff reductions. It is also in talks with the British government over potential support, according to media reports.
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