Monday, December 22, 2008

Tata Motors to inject “tens of millions” of pounds into Jaguar

After my last time posting on Tumblr page about the just new F1 deal .According to the reports, Tata Motors, the owner of Jaguar Land Rover, is to inject “tens of millions” of pounds into the British carmaker. tata-motor-300x202 Tata Motors to inject tens of millions of pounds into Jaguar

This imbursement of cash into the company, by the Indian owner is expected to give more time to the UK government to think and decide whether it should use public money to bail-out the company.Mandelson had cast doubt on a bail-out, saying the state was a “lender of last resort”.

The head of corporate communications for Tata, Debasis Ray did not not deny the report but would not say how much money would be injected.

“It is our company and we are running a business,” he said.

“Discussions with the government, however, are confidential and cannot be revealed. We have to run the company and are doing so to the best of our abilities”, he added.

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