Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News By Reuters

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© Reuters. Jaguar Land Rover unveils new Jaguar F-Type mannequin throughout its world premiere in Munich

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(Reuters) – Jaguar Land Rover (NS:) is in talks with the British authorities a couple of request for short-term state funding of greater than 1 billion kilos ($1.22 billion), Sky News reported https:// on Saturday.

The loan request had been lodged with the Department for Business, Energy and Industrial Strategy, the Sky News report stated, citing a supply near Jaguar Land Rover, whose father or mother firm is Tata Motors (NYSE:).

“The claim is inaccurate and speculative,” Jaguar Land Rover stated in an emailed assertion to Reuters. The assertion stated the corporate was in “regular discussion with government on a whole range of matters and the content of our private discussions remains confidential.”

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