Without millions from India it may be Ta-Ta to Jaguar
Tata Motors, the owners of Jaguar Land Rover needs to inject tens of millions into the UK carmaker according to the Financial Times.
Jaguar Land Rover has been hit hard by a dramatic slump in sales that has affected carmakers across the world. For the British government Lord Mandelson has indicated a reluctance to bail out car companies but has not totally ruled it out. The Confederation of British Industry has said urgent government loans are needed to preserve 800,000 UK jobs in the car making industry. The Unite union says tens of thousands of skilled jobs are “hanging by a thread”.
It’s hard to believe that Jaguar would be left to go to the wall given its history and prestige in the UK. If it did there would be a sizeable hole in the luxury car leasing list.
December 23, 2008 at 10:20 am | Jaguar | No comment
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