» Thursday, May 7, 2009
Jaguar Land Rover
Put that talks between the Government and Jaguar Land Rover (JLR) had broken down, the PMS said that both the Government and JLR had denied this; the Government wanted to see JLR safely through difficult trading times and we regarded the company as viable, with good long-term prospects. That was why we were discussing with JLR and its parent company, both their short-term and long-term financing and business plans. These talks were ongoing.
Asked if the Government was seeking some sort of representation on the board of JLR and if it would have a say in the appointment of chairman, the PMS said that these were commercially confidential negotiations and we would not get into the details.
Briefing took place at 11:00 | Search for related news
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