Jaguar seeks state loan as coronavirus pandemic takes toll

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Panther Land Rover (TAMO.NS) is in chats with the British government about a solicitation for impermanent state subsidizing of more than 1 billion pounds ($1.22 billion), Sky News provided details regarding Saturday.

The credit demand had been held up with the Department for Business, Energy and Industrial Strategy, the Sky News report stated, refering to a source near Jaguar Land Rover, whose parent organization is Tata Motors.

“The case is off base and theoretical,” Jaguar Land Rover said in a messaged explanation to us. The announcement said the organization was in “normal conversation with government on an entire scope of issues and the substance of our private conversations stays classified.”

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