» Tuesday, March 24, 2009

Jaguar Land Rover

Put that Tata were asking for 500million worth of loan guarantees for Jaguar Land Rover and were they likely to get them, the PMS said that questions on assistance to car manufacturers were best addressed to the Department for Business, who had been meeting with car manufacturers over the last couple of months, to discuss what assistance the Government could provide.

Asked whether in principle that was a level of assistance the Government would provide, the PMS replied that on detailed questions concerning assistance to individual companies, he advised people to speak to BERR. Asked if it was for Tata to offer those loan guarantees themselves, the PMS said that as we had said in the past, we looked in the first instance to parent companies to support their UK subsidiaries, but he would not speculate on what decisions might be reached on guarantees to individual companies.

original source.

Briefing took place at 11:00 | Search for related news

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