Skip to content
Search

Latest Stories

Defender row: Ineos urges JLR to end legal battle

Defender row: Ineos urges JLR to end legal battle

BILLIONAIRE Sir Jim Ratcliffe owned Ineos has urged Jaguar Land Rover to end legal battles around the world over trademarks because of similarities between the Grenadier and the Defender, reported The Telegraph.

Legal rows over trademarks are delaying the launch of a new 4x4, which Sir  Ratcliffe calls the “spiritual successor” to JLR’s original Defender.


According to the report, Ineos has spent about £1bn on the Grenadier project, with prototypes of the car that starts at £48,000 being built at a former Daimler factory in Hambach, France.

Last year JLR introduced a new version of the Defender but Ineos argues it is an upmarket luxury SUV. The latter describes Grenadier as a “rugged, no-nonsense off-roader".

“We are filling a position in the market that was abdicated by JLR. They talk about a ‘journey from the jungle to the urban jungle’ with their cars. We are not that; we are the counterpoint with rugged simplicity," Mark Tennant of Ineos Automotive, told The Telegraph.

"We would like JLR to have confidence in the direction they set for their brand and recognise that we are different."

Last year, the High Court backed an earlier ruling in favour of Ineos opposing JLR’s trademark claims. However, the company faces a series of similar legal tussles in key markets around Europe and the US.

Reports said that court fights may delay the planned summer 2022 launch of the Grenadier in Europe, and sales in the US soon after.

Ineos has revealed that 75,000 people have registered an interest in buying a Grenadier.

The company added that the Hambach factory can make up to 30,000 cars a year by 2026, although it could produce as many as 50,000.

According to Tennant, Ineos has already signed up several automotive dealer groups and plans for 200 outlets worldwide by next summer.

"Dealers will support the car with servicing and parts, helped by Germany's Robert Bosch, with Ineos able to access its global network of vehicle service centres," he said.

JLR said that protecting its intellectual property is something the company take very seriously.

"Land Rover Defender's "unique shape is instantly recognisable and signifies the Land Rover brand around the world, with the classic shape being trademarked in many key markets," it said.

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less