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Jaguar Land Rover wins major legal battle against Chinese firm

TATA-OWNED Jaguar Land Rover has won a three-year long legal battle against a Chinese firm selling a copycat of one of its models for a cheaper price. 

A court in Beijing ruled Jiangling Motor Corporation’s (JMC) Landwind X7 had five specific features that were directly copied from the Range Rover Evoque. 


The court asked the Chinese firm to immediately stall the production of Landwind, which cost £14,000, as compared to the £40,000 Evoque. 

The judge also asked JMC to pay compensation to Britain’s largest car maker. 

Keith Benjamin, JLR’s legal head said: “This ruling is a clear sign of the law being implemented appropriately to protect consumers and uphold their rights so that they are not confused or misled, whilst protecting business investment in design and innovation.”

JLR’s major legal victory against JMC is expected to encourage similar legal moves by other automakers that have accused Chinese firms of ripping off their auto designs.

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UK house price growth slows to 0.3 per cent in October.

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UK house price growth slows as buyers delay decisions ahead of budget

Highlights

  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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