Jaguar, Land Rover: The Latest Companies Asking for Gov't Assistance

December 18, 2008
AutoCar report that British business secretary Lord Mandelson confirmed yesterday that the British government is in talks with Jaguar and Land Rover to provide financial assistance to the tune of 1 billion pounds.

An interesting twist is that ultimate financial responsibility rests with JLR's (Jaguar Land Rover) new owners, Tata of India. JLR CEO David Smith remarked to AutoCar that he believes that governments should support the automotive industry: "A deal is needed. Dealers and suppliers are finding it very difficult."

At the center of the request for help are Jaguar Land Rover's R&D facilities located in the U.K. Those who run the facilities have pledged to push forward with research in clean and sustainable technologies to power and produce future automobiles, but they claim to need monetary assistance in order to do so.

Final decision for governmental assistance rests with Prime Minister Gordon Brown who, just like George Bush, hasn't yet made up his mind.

Make sure you check out our partner sites dedicated to focused news, reviews and more for Ford, Chevrolet, Toyota, Honda, and the Toyota Prius.

The Car Connection
See the winners »
The Car Connection
Commenting is closed for this article
Ratings and Reviews
Rate and review your car for The Car Connection
Review your car
The Car Connection Daily Headlines
I agree to receive emails from the site. I can withdraw my consent at any time by unsubscribing.
Thank you! Please check your email for confirmation.