Dec 26, 2008

Tata to pump millions in Jaguar-Land Rover

“Tens of millions” of pounds pumped into Jaguar-Land Rover by Tata would not only provide a new lease of life to the Firms, but would also prevent a likely and immediate cash flow crisis.
The Indian firm had earlier this year, bought the duo for $2.3 billion from Ford Motor and injecting more money into J-LR would further strain Tata Motor’s finances. Car makers around the globe have been hit by a collapse in demand as the economic slowdown spreads access to credit is choked off by the financial crisis.

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