Tuesday, November 25, 2008

Report : Jaguar-Land Rover in secret aid talks with UK Government

According to Automotive News Europe, Jaguar-Land Rover CEO David Smith is secretly in talks with UK's Prime Minister Gordon Brown for a government financial aid. That's because, after the 19.4% sales decrease in August, Jaguar-Land Rover have lost £1 billion ($1.49 billion). And Tata Motor Company, which owns Jaguar-Land Rover isn't in the best condition to support Jaguar-Land Rover. So it seems that the British government will be covering Jaguar-Land Rover's loss.

Source: [Automotive News Europe via MotorAuthority]

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