Financial Times FT.com

Tata to ask taxpayer for long-term financing

By Joe Leahy in Mumbai and Jean Eaglesham in London

Published: December 21 2008 23:31 | Last updated: December 21 2008 23:31

Tata’s agreement to provide limited immediate support for Jaguar Land Rover will not prevent the Indian company from asking the taxpayer for hundreds of millions of pounds in longer-term support for its UK subsidiary.

The marques, bought in March by Tata Motors, India’s largest auto company, are calling for loans and credit guarantees from the government to protect thousands of UK jobs and a significant research and development expenditure.

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