Tata's Jaguar seeks £1bn loan from UK govt

posted by   hotgurgaon (2)   1 month ago (www.hotgurgaon.com)

Jaguar Land Rover (JLR) is in secret talks with the British government for a £1 billion loan, just nine months after Tata bought the luxury-car marque. The request demonstrates the sharp downturn in the global car market, which has already pushed a handful of the big car manufacturers to the edge of bankruptcy.