Tata Motors Ltd. has secured a 175 million pound ($289 million) private sector loan for its luxury unit Jaguar Land Rover and no longer needs financial support from Britain, a U.K. government spokesman said today.
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Tata Motors Ltd. has secured a 175 million pound ($289 million) private sector loan for its luxury unit Jaguar Land Rover and no longer needs financial support from Britain, a U.K. government spokesman said on Tuesday.
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The UK Government today welcomed news that Tata has secured private sector funding for Jaguar Land Rover's (JLR's) short term financial needs and that UK Government support for the car manufacturer is not now needed.
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New online spec service for Jaguar's XJ
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Isn't it weird? After a decade of trying, the brand collectors have become thoroughly disheartened. Ford spins out Jaguar, Land-Rover, Mazda and Aston Martin and tries its best to bin Volvo. GM shuts brands, sells brands and tries its best to bin Saab, Vauxhall and Opel. Daimler gets rid of Chrysler Jeep and Dodge to a gullible hedge fund.
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Isn't it weird? After a decade of trying, the brand collectors have become thoroughly disheartened. Ford spins out Jaguar, Land-Rover, Mazda and Aston Martin and tries its best to bin Volvo. GM shuts brands, sells brands and tries its best to bin Saab, Vauxhall and Opel. Daimler gets rid of Chrysler Jeep and Dodge to a gullible hedge fund.
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Lamborghini, Ferrari, Porsche, Bentley, BMW, Rolls Royce, Mercedes-Benz, Lotus, Aston Martin, Bugatti, Jaguar and Saleen.
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Global automotive supplier Visteon Corporation has launched a reconfigurable cluster platform on Jaguar Land Rover's new Range Rover.
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Concerned at the performance of the loss-making unit acquired last year, Tata Motors has appointed two consultants to advise Jaguar Land Rover (JLR) on cost cuts, set targets for breaking even and using cash flow effectively.
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Jaguar Land Rover's plunged into loss in 2008 but is on track for a UK government loan guarantee once details are ironed out.
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Tata Motors Ltd. posted a 58 percent rise in net profit, defying forecasts for a decline in a report that didn't include results for its money-losing Jaguar and Land Rover brands.
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India's Tata Motors Ltd reported an unexpected surge in first-quarter net profit, helped by a change in accounting policy, but concerns remain over its loss-making Jaguar Land Rover unit and how it will strengthen its balance sheet.
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Tata Motors Ltd., which owns Jaguar Land Rover, reported a 58 percent rise in net profit, defying forecasts for a halving of profit.
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Tata Motors Ltd., which owns Jaguar Land Rover, reported a 58 percent rise in net profit, defying forecasts for a halving of profit.
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Jaguar Land Rover's U.K. unit reported a loss for 2008 but will receive a guarantee for a bridge loan from the British government, the Financial Times reported on Sunday.
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Jaguar Land Rover's U.K. unit reported a loss for 2008 but will receive a guarantee for a bridge loan from the British government, the Financial Times reported on Sunday.
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Jaguar Land Rover's U.K. unit reported a loss for 2008 but will receive a guarantee for a bridge loan from the British government, the Financial Times reported on Sunday.
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Lord Mandelson, the UK's business secretary, has warned the Indian owner of Jaguar Land Rover (JLR) to accept a revised proposal to guarantee hundreds of millions of pounds in short-term funding or risk seeing it taken off the table, a newspaper report on Monday said.
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