Jaguar Land Rover's Indian owner Tata bought the marques in March
Sorry but there not British any longer -
“Jaguar Land Rover is in trouble. Nothing new there. Ford sold the two British carmakers for reasons beyond its own dire finances.
But what is causing jaws to drop is how readily the Indian industrial giant Tata is going cap-in-hand to the UK government asking for financial assistance, less than nine months after acquiring the brands”.
When Tata paid $2.3bn – at the time £1.15bn – for Jaguar and Land Rover, it was well aware that massive and sustained cash injections would be essential to preserve, or even rebuild, their upmarket reputations.
Jaguar Land Rover’s overall parent Tata Group is an industrial behemoth with revenues of $62.5bn and $5.4bn profits in the year to March.
Tata Motors, India’s largest automobile company and Jaguar Land Rover’s direct owner, is just one of 115 subsidiary companies listed on Tata Group’s website.
Tata must support its own companies and the British Government must not bail them out (We have nothing left anyway, we are up to our arm pits as it is)
We must always remember if we give to one then as sure as eggs are eggs others with quickly follow – please sir can we have some more springs to mind.
Give to One Give to All
