Just nine months after buying Jaguar-Land Rover, Tata is seeking a ?1 billion loan from the British Goverment.
http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article5213217.ece
Cheers,
Madman of the People
It seems that Ford unloaded just in time.
Probably to stay afloat after the Tata Nano issue. (It ended up with someone being killed, I want to say the V.P of the entire company..........) There's no land to build a factory to produce the car, and they spend a truckload of money in developing it.
Quote from: 2o6 on November 25, 2008, 01:22:09 PM
Probably to stay afloat after the Tata Nano issue. (It ended up with someone being killed, I want to say the V.P of the entire company..........) There's no land to build a factory to produce the car, and they spend a truckload of money in developing it.
what!!?
there were a lot of protests to the original land being used, but another state offered them the land and tata gladly took it. the nano project is still on track as far as i know.
Why would the UK government bail out an Indian company? Sentimentality over British car marques isn't a valid reason, either.
This bailout mania is becoming a cancer.
Quote from: dazzleman on November 29, 2008, 04:27:32 PM
This bailout mania is becoming a cancer.
I've also petitioned the government for a bailout. So far I have 64,200 signatures in favor of my bailout.
Quote from: Raza on December 02, 2008, 07:48:26 PM
I've also petitioned the government for a bailout. So far I have 64,200 signatures in favor of my bailout.
Your case would be more convincing if you rode the bus instead of driving your own car.
Quote from: TurboDan on November 29, 2008, 03:41:50 PM
Why would the UK government bail out an Indian company? Sentimentality over British car marques isn't a valid reason, either.
No but the factories that produce the Jaguars, and I assume most if not all of the Land Rovers, are located in England. So even though TaTa is Indian it could be in England's interest ensure their survival.