Jaguar-Land Rover in secret aid talks with UK Government

>> Sunday, January 4, 2009

The world economy, and especially the automotive industry, is amidst one of the toughest times in several decades or more. Rebuilding confidence in that economy and boosting sales back to profitable levels will be a difficult task - one Jaguar-Land Rover CEO David Smith doesn't want to tackle alone, so he's asking the UK government for help. The latest reports indicate that secret talks between the carmaker and the British government are already underway. Jaguar-Land Rover refused to confirm or speculate on any meetings with the government, reports Automotive News Europe, but the company has previously backed a government bid to aid manufacturing in the UK, in addition to its own calls last month to improve the financial situation for the industry as a whole.

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