JLR in talks with Govt for loan

Luxury car marque Jaguar Land Rover is in secret talks with the Government for a one billion-pound loan just nine months after the Tatas, the Indian conglomerate, bought the luxury car marque, and an answer to the request would be made in the next fortnight.The economic downturn has hit the auto industry hard and at present a number of large British-based industrial groups are also considering asking the government for financial support. Last year Land Rover produced 2,30,000 vehicles, while Jaguar made 54,000