Tata Motors announces bailout plan for Jaguar Land Rover Cars


Jaguar Cars Singapore: Tata Motors Ltd has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis, the Financial Times reported on Monday.

The move by Tata, which bought the luxury carmaker earlier this year for $2.3 billion from Ford Motor Co, comes on top of a "hundreds of millions" of working capital it has provided to the British firm, the paper said citing sources close to Tata.

Car makers around the globe have been hit by a collapse in demand as the economic slowdown spreads and access to credit is choked off by the financial crisis.

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Technosoft opens 2nd development center in Chennai


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Chennai Airport to get a new navigation system


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Parsvnath Developers and Spanish Company Joint Venture qualifies to bid for Rs 1,220cr project


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Ford launches new Diesel Engine Assembly Plant at Maramalai Nagar, Chennai


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Chennai firm to sign pact with Anna University


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Engineers Estates launches Park City near Chennai


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