Jaguar Land Rover Pulls Out Of Bailout Talks After UK Ties Strict Emissions Mandate To Funds

Talks between Jaguar Land Rover, Tata Steel and the British government have reportedly ended, leaving both companies in need of private financing in order to overcome these difficult times.

In the end, it seems that JLR failed to qualify for taxpayer support, according to the Financial Times, as the carmaker was unwilling to accept certain levels of decarbonization, which would have resulted in an accelerated timeline for vehicle electrification and the phasing out of diesel cars.

PUGPROUD - 8/18/2020 3:47:57 PM

+3 Boost

Dopes the British government put product qualifiers on every bailout company...I don't think so. Just another example of anti-car government policy. Should really be thinking about jobs it saves.

jeffgall - 8/18/2020 9:49:24 PM

+1 Boost

Uncle Joe is taking notes so he can cripple U.S. manufacturing too.

MDarringer - 8/18/2020 7:37:27 PM

-1 Boost

Time for Hyundai-Kia to buy JLR, reskin Genesis products as Jaguars and build them in Korea. The part of LR/RR stuff could finally move away from relying on the previous-generation Escape. With a buyout and extrication, JLR is dead.