FY25 Net profit: $3.85 billion USD (comes mostly from Januar Land Rover)
Why does the government have to step in to guarantee a loan to them?
ComradeBotFace on
Someone on X called this out a few days ago, when the production restart was delayed – he was saying that JLR were on the verge of pulling the plug and moving the operation overseas.
Looks as though the threat was made at least.
ohnoohno69 on
What a business model, run on old Ford IT, don’t insure against any of this, get fucked over and then expect the UK gov to pick up the pieces. Hello more tax.
fezzuk on
So I guess within 9 months it will have been asset stripped, shut down and the UK branch bankrupt before they need to pay back the loan.
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I hope not a penny of this goes to tata clown services
Tata Group yearly revenue: US$180 billion [https://en.wikipedia.org/wiki/Tata_Group](https://en.wikipedia.org/wiki/Tata_Group)
Tata Motors (Indian company who owns Jaguar): yearly revenue US$53 billion [https://en.wikipedia.org/wiki/Tata_Motors](https://en.wikipedia.org/wiki/Tata_Motors)
FY25 Net profit: $3.85 billion USD (comes mostly from Januar Land Rover)
Why does the government have to step in to guarantee a loan to them?
Someone on X called this out a few days ago, when the production restart was delayed – he was saying that JLR were on the verge of pulling the plug and moving the operation overseas.
Looks as though the threat was made at least.
What a business model, run on old Ford IT, don’t insure against any of this, get fucked over and then expect the UK gov to pick up the pieces. Hello more tax.
So I guess within 9 months it will have been asset stripped, shut down and the UK branch bankrupt before they need to pay back the loan.