Government under fresh pressure to help Jaguar Land Rover
THE Government is under renewed pressure to offer financial aid to Jaguar Land Rover and other British car-makers “within days” in the wake of the US administration’s decision to provide billions of dollars in loans to the country’s troubled carmakers.
President George Bush said allowing firms such as Ford, Chrysler and General Motors to fail would not be “a responsible course of action”.
US car firms will get $13.4 billion in short-term financing from a $700 billion Wall Street bail-out, followed by another $4 billion later.
Prime Minister Gordon Brown told his final news conference of 2008 that no decision had been made on what form of support could be offered to firms including Midland-based Jaguar Land Rover, which is owned by Indian firm Tata.
He said: “To be fair to Tata, they have taken over one of the best research and development facilities in our country.
