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-   -   Tata seeking £1bn loan from UK govt. (https://www.team-bhp.com/forum/international-automotive-scene/49568-tata-seeking-1bn-loan-uk-govt.html)

Tata is secretly seeking £1 billion loan from UK govt.

Jaguar in secret plea for £1bn government loan - Times Online

I don't understand why "secret".

Maybe for image reasons.

You wonder if this whole exercise was worth it. Ford sold its controlling stake in Mazda for a paltry $500 million. Would have been a much better buy than the 2.3 billion Tata paid for JLR.

What image when already the news is public? :eek:

and why even try to hide... Every other company is in need of a bailout. Whats wrong if Tata is also seeking it for JLR!

"Everyone's lining up for relief moolah, why should we be left out?!"

Exactly how I read it! If the Government is doling out money, why not take some cheap funds in (and probably retire some costlier debt?)

:D