Owners to pump 'tens of millions' into Jaguar/Land Rover
The Indian owners of Jaguar Land Rover (JLR) have agreed to pump “tens of millions” of pounds into the luxury car brand to prevent a cashflow crisis, it was reported today.
The additional cash from Tata Motors, which bought JLR earlier this year, has bought UK government ministers breathing space as they consider whether to provide state support for the ailing West Midlands-based manufacturer, reported the Financial Times.