Tata Will Inject Cash Into Jaguar
The owner of Jaguar Land Rover, Tata Motors, has confirmed that it will inject cash into the British giant according to a report from the Financial Times.
This should help the UK government as it was deciding on whether or not to give aid to the struggling car-maker.
According to the BBC Business Secretary Lord Mandelson had cast doubt on a bail-out, saying the state was a “lender of last resort”.
Tata has asked the UK government for aid to bail-out the Jaguar land Rover group but the UK government has not decided either way as of yet. Tata has the backing of the SMMT and the Unions as they do not want to see Jaguar Land Rover ending up like Rover.
Simon McBride
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