Jaguar pounces on UK govt for help – report

The luxury car-maker Jaguar Land Rover is reported to be asking the British government for help to secure a 1.2-billion euro loan as car-sales plummet, and credit dries up. The move comes just nine-months after the giant Indian conglomerate Tata paid 1.8-billion euros for Jaguar in a high-profile takeover. Until now, small business was thought to be bearing the brunt of tightening credit, now it seems the business big-boys are feeling the squeeze too.

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tags: Cars, Corporate, Financial Crisis