Jaguar Land Rover could make further job cuts unless the British government provides financial aid to the brands, Ratan Tata, chairman of Tata Motors, said today in a television interview.
Tata said Jaguar Land Rover needs £500 million ($734 million) in loan guarantees from the British government. "If funds are not available the company will not be able to run," he said. "So layoffs will take place."
Read All Article
Other article:
£2.3 billion rescue plan for car industry - but it's no bailout says Mandelson
Tata to Spin Off Jaguar, Keep Land Rover
Land Rover LRX Leaked Again
Land Rover Concept Photo Leaked Ahead of Detroit Show
New Land Rover Coupe SUV
Land Rover LRX Unveiled at Detroit
Tata to Win Jaguar & Land Rover Battle
Ford Closer To Selling Jaguar, Land Rover
All New Land Rover Freelander 2: In DepthSource URL: http://automotivetrendnews.blogspot.com/2009/03/ratan-tata-seeks-uk-aid-for-jaguar-land.html
Visit Automotive Trend News for Daily Updated Hairstyles Collection
0 comments:
Post a Comment