Tata Secures Gbp 175m Loan Deal

The ScotsmanAugust 12, 2009

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Summary


JAGUAR Land Rover's future became clearer yesterday after the car maker's Indian owner secured a GBP 175 million private sector funding deal.

Tata - which bought the two British marques from Ford last year - has spent months in negotiations with the UK government over possible funding, but said it will not need any state aid after yesterday's deal.

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Extract


Tata Secures Gbp 175m Loan Deal

Lord Mandelson, the business secretary, welcomed the deal, saying it was a "good and encouraging outcome"...

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