Tata Motors secure funds for JLR bailout

23 Dec 2008

Tata Motors has secured “last-minute funding” for Jaguar Land Rover (JLR) as the bankers were convinced the UK government would prevent a collapse of the luxury car maker, while the government continues to consider the case for a taxpayer- funded bail out. Tatas were facing a cashflow crisis and needed help to pay suppliers.

 

Jaguar Land Rover has been reportedly seeking financial assistance from the government to the tune of POUND 1 billion in the wake of sharp fall in sales and credit crisis. Further, the car maker’s chief David Smith has cautioned of thousands of job losses unless it receives emergency aid.crackcrack
Related Tata Motors Ltd. Links:

Tata Motors Share Price

295.55 1.00 (0.34%) Apr 23, 10:51
1 Year Price Chart
Peers
Company Name CMP
Tata Motors 295.55
Ashok Leyland 112.15
Force Motors 1071.00
Tata Motors - DVR 129.95
SML Isuzu 458.35
View more..
Sensex vs Tata Motors
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback