Huge boost to UK car industry as Jaguar Land Rover plans flagship ‘gigafactory’ 

ratan tata donats most of tatas earnings to charities

good to know.

Yes .. Sudha Murthy started her career with Telco now TATA motors

Its British Brand , With Indian Ownership

​@pcp3457 They could've just used the money for the Tata deal to support Britishvolt contructing their own factories. That way, they would support their own uk start-up, which is better for the British car industry in the long run. But no, they would just let home-own start-up fails and be bought by foreign investors, and then hire foreign company to do the job instead. Just why???

Whete ate these figures , are coming from of employment and dtsghing even tired ppeople to work, whete are the jobs, to pup up the figure, chesti g it is not the solution to inflation. The economy is slowing down, becaudr all our blood money is going to Ladeski pockets and their evil plans are backfiring, we ate facing a freezing cold wintet without gas and electricity and there is no more money for dream on proyects abd. Pavks to impress the votets. We ate no fools.

I suspect this is untrue as this would have been highlighted on the news. Unless you can provide some form of proof

@@strangemagic5502 Please tell you're not allowed to vote. The most cursory of searc hes will lead you to the story c. 18 May 2023.

@@BsktImp yes but which source did you collect your information from? It was a simplistic question I initially asked and I'm sure you are competent enough to tell me

I wont be surprised if these jobs will be outsourced to India 😂

correct , pls oppose the project ...

giving foreign companies prized British assets was crazy. Subsidizing foreigners to run it is just beyond the pale.

Go away.

Lol TATA 60% shares are with various Charitable trusts around world they're not as greedy as an average European😂😂TATA owner himself doesn't have future family to look after this company ,he lives in a smal flat in Mumbai City ,grow up.😂

That's just 🥜 for Tata group

tata should invest in india and export to eu

@@ssryr6427 You are talking today claptrap, Tata have been bribed with public money to stay in the UK, it took 500,000,000 pounds worth Todo it!

​@@bryangeake5826that's called "subsidy",ya moron!Can't expect the descendants of looters and thieves to understand any any of this btw

I need one , 5 years ago 🎉

Better than wasting it on diversity managers in the NHS, at least this will generate income.

Tool

@@MrAndyblue52 They'll certainly need a few of those!

To give tax money to private companies? how is that for taking back control?

@@marvintpandroid2213we could never do this under the EU. We are so lucky to be out of that union. When we were in the EU we were subsidising third world countries like Romania Bulgaria and Poland now at least we are subsidising a company that will invest in our country. As a sovereign nation we can invest in the whole world and compete with the world on our own terms. We don’t have to be in a union with Romania Bulgaria Poland who are not on our level in terms economy or anything else we don’t have to be on their standards how can we be compared or follow the same rules of countries that just came out of communism in the 90s that is shocking.

​@@Adnaan98-ONIILShame on you: Poland, Romania and Bulgaria are thousand times better than idle english and curry indians

@@Adnaan98-ONIIL Lol, the UK government could have always done it, the French, Spanish, Italian and German governments all do it. How much money did the government give Rover, Honda in the last 30 years

@@weird-guy stop making false claims Ireland is the fastest growing economy in the EU and you came out of communism in the 90s you can’t compete with UK Germany France Italy. Your gdp is 700 billion lol UK gdp is nearly 3 trillion so calm your self down. The whole of Eastern Europe are beggars that get money from Western European tax payers via the EU without those funds you would not even survive so don’t bite the hand that feeds you communist. If your economy is so strong don’t take any money from other nations taxpayers for your infrastructure and sewerage systems.

THAT Indian owned company will create thousands of jobs

Why those indians do not "invest" in their OWN COUNTRY? Do they not "trust" in their country but rely in a British indian PM? "Is it all about subsidies, hidden bribes and corruption ? At the end of the day: taxpayers will pay for it indeed

@@balajeepratham8200 Can I get a couple of billion of your money on a promise to employ a few thousand people and take away that profit for myself?

@@marvintpandroid2213 If you don't give, many countries are willing to pay

@@balajeepratham8200 so you are OK with unknown billions of your money going to a private, for profit, company who will take those profits back to India? Do you believe in capitalism for all?

the business and assets owned by tata. still the brand is British. and the manufacturing still in britan

@@datsun1205 Yup...and the profits go back to India to be invested in another company to flood the UK with cheap goods!

​@@datsun1205nope Range rover has manufacturing units in India too

@@RPS112k0 but still its british brand

@@datsun1205 Owned by India, but sure

They can't swallow the bitter pill.

@@debadityagautam8513 India also has the highest FDI in that island.

​@@DSR12345second highest after USA

I am sorry to hear that. I am from Pakistan and it's even worse here.

@@stylishboy004 Cars are way cheaper in Pakistan compared to BD. We have to pay upto 840% tax. You could get a used civic for pkr 5.5 mil. In Bd a the price is bdt 4.5 mill which is over pkr 11.7 million. Pakistans GDP per Capita was higher than ours 2 years ago interms of PPP.

Tata wants to capture Eu ev Market for that batteries are necessary and a local plant will be helpful for them I guess

@@TanvirAlif okay. if u say so.

@@stylishboy004 Bro my father owns 2 appointment in Dhaka. Not luxury apartments but decent ones in Bangladeshi standards. I live in one and the other one is put to rent. Price of the 2 appointment would be around BDT20 million (PKR52.2 million) and yet we don't have a car. We had one 5 years ago and had one when I was a kid. Cars are very expensive here. Price was always very high but last year it jumped as taka fell by 29%. Through out the world price increased because of war and COVID. We might have more dollars than you guys have but the purchasing power is lower here. Only 0.4% have cars, not even half percentage. In India it's 7% and in Pakistan 1.8% . I like driving but sadly for me I live in BD where the tax rate is highest for some categories of cars. A 5 year old car was around 400K and the tax was 1.2 million (300%) so the final price was 1.6 million BDT. Not PKR. Even electric cars had 100% tax. But last year they increased it. Gasoline cars over 4L engine have to pay 840%. A Lamborghini would cost 9.4 times the of the actual price (940%) that's why we don't have a Lamborghini in Bd. 1 McLaren came this year before that we didn't even have 1 McLaren. Still now no Aston Martin. There are 3/4 Ferraris and 2 classic Ferraris. The last time I a car drove was in 2019. I like driving so it bothers me a lot. People in Pakistan drive civics. Here those cost a lot. Wish I could move to a different country and drive. I learnt driving before my 21 birthday and I could ride motorcycle when I was only 15. This is because we didn't have cars and I didn't have access to driving. Have a good day. Hope Pakistan comes out of this bad situation and also the price of goods fall in Bangladesh.

Bingo. And yet people still vote for them.

Tax avoidance is quite attractive for big businesses.

More lobbyists in Brussels than Washington DC and London put together. Big business loves the EU.

@@aleph8888 well they're not going to setup in the UK when it costs an arm and a leg to trade with their neighbours. They can just setup in Germany instead, like Musk did with his 10000 job gigafactory 🤷 UK really has shot itself in the foot

​@@dondoodatnot when the whole place is chaos

his month in law worked for Tata Motors, so probably ...

At least it proves remainers wrong yet again, enjoy.

@@sonofsomerset1695 wrong in what way? the national economics speak for themselves.

​@@aaroninkyit will improve over time,stop whining about it

She herself owns Infosys Technologies which far ahead then TATA in IT.😂

His mother in law is a owner of Infosys, a rival of Tata group in IT sector. And even if she have tata share it is not a big deal, even I have tata share.

​@@shivamparashar6334hello there companies arrival company of Tata TCS IT company?😂

There's 1000s of Indians in Britain?

Lol look at these funny comments,TATA 60% shares are owned by various Charitable trusts around world and TATA owner himself doesn't have future family,he's a single man living in a small house in Mumbai City ,grow up 😂

Oh, oh ...doom & gloom....just be positive

@@rupertharvey3946 ok then I am POSITIVE they have form for doing this in the Steel industry. How much public money went into the Welsh startup battery factory that the Australian company responsible are now under fraud investigation in their own country.

They do have form, you're right. This might not be the same comparison though.

The subsidies to this project, are equivalent to *2 weeks* worth of subsidies going to the fossil fuel industry.

@@michaelrch two wrongs don't make a right and as I said they have form for being slippery so it's only the Governments desperate need to rebrand post Brexit Britain a success which is letting this happen.

grow up

bribe and incentives are two different things, incentives are transparent, if u solve industrial disputes with actual bribery it becomes a tool for blackmail

Lol TATA 60% shares are with various Charitable trust around the World. It's not like any other western greedy company.

Absolute nonsense! Tata has been operating their Europe operation mainly in the UK for decades! They stayed because of the convenience offered by the UK! $500 million is nothing for a company worth more than $311 billion! The TATA group is the biggest private sector employer in the world! i.e. not controlled by any govenrnment (so chinese companies don't count!)

Tata's factory will be getting cheap electricity due to the factory's proximity to the power plant. Good infrastructure helps to get FDI. That's not a bribe.

Yeah, you miss something, education in economy and business.

​@@maxrockatansky5657then prove him wrong dumbo

​@@maxrockatansky5657still not understand UK have less consumer than European Union any day😅

They are already building a factory in India bruh

Because we were buying cheap Chinese steel and still are. Tata puts money in to steel uk and the government allows Chinese steel to come in to our country.

@@genesis1765 So they will take more taxpayer lolly and say Tata fools!

@@geraldbutler5484 try telling the 45000 people they employ

​@@genesis1765is Chinese government on companies predatory practice they always to this dumping earlier and then after become s o l e Monopoly then charge whatever they want😂

Very weak in economics,Chinese economy will take over US in next 8 years ,main reason for its success is foreign direct investment and manufacturing hub.

Foreign direct investment is best that's why China is overtaking USA

When you don't know economics 😂😂😂

Channel 4 isn't a news paper?

It will go the same way as Tata Steel. Bailout after bailout.

@@dondoodat You mean TATA Steel's UK subsidary. Because Tata Steel is all dandy rn. It produces 5 times as much steel as entire UK does. That is almost as much steel as the entire nation of Germany.

@@death_parade Yes, the UK is the subject being discussed. Tata in the UK has been bailed out regularly using UK taxpayers money, whilst as you say is a very profitable company. When there are profits they go to the company, they leave the UK, when there are losses, they stay in the UK and are bailed out by UK taxpayers yet again. Sorry I didn't explicitly mention the UK but as that was the whole point of the video we watched I didn't think it was necessary.

@@dondoodat Well, to your description of tata in UK, assuming it is indeed true, I can only say "well done Tata". A sliver of the karma for the Empire days.

@@death_parade Ah, so you are an enemy of the UK. That explains your comment. I don't think any of those suffering in the UK were responsible for the Empire. Time you stopped living in the past.

Lewd?😂

How much of your money are you happy with this corrupt government to give away to these private companies? How many billions?

We really don't need Tesla.

GREAT NEWS lol

😅😅😅😅

Lol 60% of TATA shares are with various Charitable trust around the world,it's not like any other greedy western company.

hes now worth 150b $ lol

I know tihht...No wonder most UK based companies have been bought over due to bankruptcy. These guys have zero knowledge on how to be competitive but still boasts on having one of the best business schools. How very ironic. Secondly they forget that providing incentives is part to give some assurance to the company if things don't work out whilst being racists towards their own PM.

They working to this company since last 100 years😂 Tata came to UK in 1907😂

Main reason Chinese overtaking US economy is direct foreign investment and manufacturing hub.

Ironically, India has rejected BYD $1 billion EV plant investment citing security concerns, no we don't want to build EVs in India

Bro Tata going to build 1 giga factory in gujrat also don't worry 🎉🎉🎉🎉

Well.this actually because tata wants to set it's foot in Europe, where it's currently not popular but anyways they have plan for gujrat battery unit too!

​@@LOL-em6kl😂😂 plus they already making EVS in India with their existing infrastructure in India

@@svanimation8969 but Tata still imports batteries from china, and UK plant is battery plant mainly that's why I didn't mention their EVs

It's called incentives, because in itself the project in UK was not a viable option. It's legal tax incentives to make companies easier, overcome the inherant drawbacks of the location. It is global practice, watch USA giving billions in incentives to bring manufacturing to USA soil. Otherwise companies will go where it's more viable. Probably "incentives" are new concept for Brits, cause of their historical memory of bullying or killing others to submission for making deals in their own favour.

They should do both. You need to invest in the future

​@@indiamusically right...... Bully and kill... Mans stuck in the 1700💀 We can't bully anything anymore 😢.

Absolute nonsense! Tata has been in the UK since 1907! Tata has been operating their Europe operation mainly in the UK for decades! They stayed because of the convenience offered by the UK! £500 million is nothing for a company worth more than $311 billion! The TATA group is the biggest private sector employer in the world! i.e. not controlled by any govenrnment... so chinese companies don't count! Also, at least 66% of Tata shares are held by various charities started by Tata!

​@@ChiSa123are u British?

Same here, not until they get burned by their mistakes, people do indeed minimize the role of expert counselors. The covid epidemic and my early 2020 layoff came at a time when I needed to stay afloat, so I looked for license advisors. Mayra Femia-Hetrick whom is searchable online made my previously stagnated $325K reserve to have so far generated massive returns from subsequent investments thanks to someone with practical expertise and decades of experience that I was fortunate enough to come across.

@@susanlisa3782 We're only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08' crash and l've been looking into similar opportunities in this present market, could this coach that guides you help?

@@patricia_nura3378 My financ Advisor is Mayra Femia Hetrick. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven't regretted doing so.

She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

Who are u 😂

🤡

A dividend for a private company with billions of your taxes, how is that for taking control?

Spain or Britain ???? Here’s half a billion pound bribe !!! Oh, OK, Britain. Don’t worry,it’s only the taxpayers money……they’d only want to build houses,hospitals,sewage works.This stops the car industry moving to the EU and we can spin it to make us look good. 13 years of Eton schoolboy government !!!!!

Sweden is with higher inflation than UK now and Sweden is in the EU

@@ch0293 And the EU average is?

@@marvintpandroid2213 Euro inflation in june 2023 was at 5,5%

How much of a tax bribe did that take? Capitalism?

500 m pounds in tax subsidies. When your defense for Brexit is inviting an Indian company, You are in trouble.

Test &Trace could have bought us 9 of these factories.

@@dondoodat Or 8 additional Queen Elizabeth-class aircraft carriers Or a hundred new hospitals Or a couple of hundred new schools

Why?

@@os3990 Why would the Japanese consider this shameful? or why does Rishi think it is fantastic? It's not clear to me which question you are asking. But I'll try and answer both: Because Sunak is basically admitting that the UK lacks the money or expertise to do this themselves. Instead, working for another foreign company is spun as somehow being "fantastic" for the UK. But, remember, that is all the UK gets out of deals like this: they are little more than employees. All the real profits will end up far, far away. Tata ain't no charity - and neither are Nissan, Hitachi or Itochu.

That makes absolutely no sense,.

@@seanrm ah so you're saying we should have build our own factory? It's kinda weird because JLR is clearly British but it now owned by TATA. I think it's ridiculous we paid them a penny for this

I’m sure you drive a British car and take British trains, and play British video games.

its made in britan

It owns by india so made in india🤣

LoL made in China 😂

Chinese quality 😂😂

MADE IN INDIA@@D__Ujjwal