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Old 25th November 2008, 03:11   #1
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Exclamation Tata seeking 1bn loan from UK govt.

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".
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Old 25th November 2008, 03:20   #2
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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.
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Old 25th November 2008, 03:24   #3
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Maybe for image reasons.
What image when already the news is public?
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Old 25th November 2008, 03:54   #4
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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!
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Old 25th November 2008, 13:45   #5
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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?!"
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Old 25th November 2008, 14:08   #6
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Originally Posted by GTO View Post
"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?)

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