{"id":1729,"date":"2009-07-28T04:01:28","date_gmt":"2009-07-28T04:01:28","guid":{"rendered":"http:\/\/site.dropcents.com\/blog\/?p=1729"},"modified":"2009-07-28T04:38:06","modified_gmt":"2009-07-28T04:38:06","slug":"jaguarland-rover-reportedly-chalks-up-11b-loss","status":"publish","type":"post","link":"https:\/\/www.dropcents.com\/blog\/jaguarland-rover-reportedly-chalks-up-11b-loss\/","title":{"rendered":"Jaguar\/Land Rover reportedly chalks up $1.1B loss"},"content":{"rendered":"

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\nThe steep downturn of the world’s luxury automotive markets has taken a toll on Jaguar\/Land Rover, and the company’s bottom line has taken a huge hit as a result. Automotive News is citing a Financial Times report that says Tata Motors’ British luxury marques lost 673.4 million pounds ($1.11 billion U.S.) in 2008. That’s a $2 billion swing from the 641.5 million pound ($1.05 billion) profit the British brands earned in 2007. Tata Motors said last month that Jaguar\/Land Rover lost 306 million pounds ($504 million) for for the fiscal year ending March 2009.
\nThe Financial Times report comes as Tata Motors is working out a deal with the British government to provide short-term financing for the cash-strapped automaker. The report that says the U.K. government is willing to provide a 175 million pound ($288 million) commercial bridge loan to keep operations running. The reports says Tata Motors would like a 12-month loan, while the British government would like a six-month term, along with representation on the board.
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The steep downturn of the world’s luxury automotive markets has taken a toll on Jaguar\/Land Rover, and the company’s bottom line has taken a huge hit as a result. Automotive News is citing a Financial Times report that says Tata Motors’ British luxury marques lost 673.4 million pounds ($1.11 billion U.S.) in 2008. That’s a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[30],"tags":[138,133,371,369,370],"class_list":["post-1729","post","type-post","status-publish","format-standard","hentry","category-news","tag-dropcents","tag-dropcentscom","tag-earningsfinancials","tag-jaguar","tag-land-rover","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t