RE: Report: Tata to Inject Millions into JLR
Monday 22nd December 2008
Tata Motors, the owner of Jaguar Land Rover, is to pump ‘tens of millions of pounds’ into the struggling carmaker, it has been reported. The Indian firm had asked for help from the British Government to bail out the brands.
Report: Tata to Inject Millions into JLR
Indian firm could put millions into Jaguar Land Rover in a bid to revive it
A cash injection would give UK ministers more time to decide whether to use public money to help Tata Motors. Business Secretary Lord Mandelson has said that a Government bail-out would be the last resort.
Tata has not denied the report but would not reveal how much money would be put into Jaguar Land Rover.
‘It is our company and we are running a business,’ said Debasis Ray, head of corporate communications for Tata. ‘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.’
Despite backing from unions for a bail-out Lord Mandelson has said Tata needs to ‘look at their own resources’ to finance the luxury marques.
Discussion
It sounds like Tata has enough to keep both going, i jut hope they don't plough all this cash into both businesses and then find 6 months down the line that they can't afford to keep them running any longer. Saddens me that this is happening to so many. I hope that we still have some 'British' firms left once this whole thing subsides...
Well both Lotus and Radical have posted excellent profits this year. Both saying its been their best year.
So it seems that the small independant manufacturers are doing brilliant, whereas the huge multi-million international car makers are going bust.
Just doesn't seem right, someone can't have been doing their job properly.
So it seems that the small independant manufacturers are doing brilliant, whereas the huge multi-million international car makers are going bust.
Just doesn't seem right, someone can't have been doing their job properly.
Surely its all about scale. It doesn't matter what you make, if one year you are happily making 100,000 units and the next you only sell 35,000 units, there is a big hole.
Traditionally in the auto industry when some markets are doing badly, others around the globe are still doing fine. Currently the s
t is hitting the fan everywhere. This is the real problem - no parts of the business globally are maing the money to shore up those making a loss.
Traditionally in the auto industry when some markets are doing badly, others around the globe are still doing fine. Currently the s
t is hitting the fan everywhere. This is the real problem - no parts of the business globally are maing the money to shore up those making a loss.What the hell is going on.....Last week Tata were asking OUR UK Goverment for millions...they said No thank god...and now they have found the money they need from a loan....tata have got a bloody cheek...thank god our tax paying money wasn't spent badly this time.
Edited by Topboy on Monday 22 December 12:12
As far as I'm aware, Tata are supporting JLR. JLR in-turn are supporting the SMMT who are approaching the government for (UK) industry-wide aid - i.e:-
Dealers, so they can supply decent credit deals that they cannot get from banks at the moment.
Suppliers, again because the banks aren't lending because of the supposedly high risk.
Under the latter I don't believe JLR are asking for a portion of the est. £1b, but it would help them sell more cars.
Dealers, so they can supply decent credit deals that they cannot get from banks at the moment.
Suppliers, again because the banks aren't lending because of the supposedly high risk.
Under the latter I don't believe JLR are asking for a portion of the est. £1b, but it would help them sell more cars.
pdr479 said:
I am probably being stupid here but why is our government expected to bail out JLR when TATA is an Indian (i think) company surely it should be there government bailing them out not ours (with my money!!!!) You dont see the yanks asking us to bail out there car industry etc etc
My point exactly...I Just don't get it and think Tata have a bloody cheek !!!Topboy said:
pdr479 said:
I am probably being stupid here but why is our government expected to bail out JLR when TATA is an Indian (i think) company surely it should be there government bailing them out not ours (with my money!!!!) You dont see the yanks asking us to bail out there car industry etc etc
My point exactly...I Just don't get it and think Tata have a bloody cheek !!!Edited by mrk4thom on Monday 22 December 13:14
mrk4thom said:
Topboy said:
pdr479 said:
I am probably being stupid here but why is our government expected to bail out JLR when TATA is an Indian (i think) company surely it should be there government bailing them out not ours (with my money!!!!) You dont see the yanks asking us to bail out there car industry etc etc
My point exactly...I Just don't get it and think Tata have a bloody cheek !!!Edited by mrk4thom on Monday 22 December 13:14
Lutz said:
Your government is asked to bail out because that would save the last few remaining jobs in British car manufacturing and, in spite of the final ownership being Idian, Land Rover and Jaguar ar English firms.
Sounds logic?
Not really. Ultimately management is to blame, be that British or Indian however TATA invested heavily buying these marques and therefore should invest / help in these difficult times. There are hundereds of 'British' companies which are owned and operated in this country struggling as much as JLR but are not getting financial aid so why should JLR when TATA is HUGELY profitable and the parent company can afford to bail them out if they wanted to. Check out the profits for TATA steel....makes your eyes water. Sounds logic?
sprinter885 said:
Cerberus90 said:
Just doesn't seem right, someone can't have been doing their job properly.
I think that might just prove to be the most over-used phrase of the past 12 months....and maybe the next 2-3years. 
gtdc said:
RSJAS251 said:
TATA are trying it on beacuase there is so many UK employees here.
Cheeky FU*^ERS.
Aren't TATA also sponsoring the Ferrari F1 team too?Cheeky FU*^ERS.
If they have enough money to splash about on sponsorship, they can bail out there own car company when things get tough. Bloody cheek
TATA are worth Billions. I guess with our Government bailing out banks, and the US car makers getting help from their government, TATA thought they'd try it on.
They bought it, they support it.
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