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Tim in Scotland



Member Since: 30 May 2005
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JLR/ Tata gets Private Equity backing

Have just heard on the news that Tata has secured non-governmental financing from a Private Equity backer. Of course Lord Mandy of Limp Wrist is very happy, but not as happy as the workforce at Halewood who now have enough money to start production of the new XJ. The new backer has sunk £175 million into their investment in Tata/ JLR. 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
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Post #233240 Tue Aug 11 2009 1:07pm
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Lookers Park Royal



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It's very good news indeed! Keep an eye on the BBC as you may see CHPR as they have mentioned that that they may pop down from Whitecity to film outside the dealership.

James Thumbs Up

Post #233245 Tue Aug 11 2009 1:16pm
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Tim in Scotland



Member Since: 30 May 2005
Location: Driving along in my automobile
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2013 Range Rover Sport SDV6 HSE Stornoway Grey

James I would if I had a telly! In fact in the item that was aired later in the news the money that Tata has secured runs to £350million including bankloans and guarantees and some money from the EU (which was arranged by Lord Mandy) so I suppose that also secures LRX for production as well. Of course Lord Mandy was crowing about he has single handedly saved JLR and the country's auto industry while he was on holiday and now he is moving on to save Vauxhall.................................. next week he's taking over as Prime Minister in his spare time between arranging financial deals for UK car makers. 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

Post #233248 Tue Aug 11 2009 1:34pm
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McBunny



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Re: JLR/ Tata gets Private Equity backing

Tim in Scotland wrote:
Have just heard on the news that Tata has secured non-governmental financing from a Private Equity backer. Of course Lord Mandy of Limp Wrist is very happy, but not as happy as the workforce at Halewood who now have enough money to start production of the new XJ. The new backer has sunk £175 million into their investment in Tata/ JLR.


Thumbs Up RRS TDV6 HSE, 2006, bonatti grey, ebony interior, rear diff, s/c grille and vents, stormers, privacy, tasmods, iphone integration Wink

Post #233254 Tue Aug 11 2009 2:07pm
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shmoogle



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Tim in Scotland wrote:
James I would if I had a telly! In fact in the item that was aired later in the news the money that Tata has secured runs to £350million including bankloans and guarantees and some money from the EU (which was arranged by Lord Mandy) so I suppose that also secures LRX for production as well. Of course Lord Mandy was crowing about he has single handedly saved JLR and the country's auto industry while he was on holiday and now he is moving on to save Vauxhall.................................. next week he's taking over as Prime Minister in his spare time between arranging financial deals for UK car makers.


He's turning into our very own version of Obama!! I suggest he will fall from grace (for the umpteenth time) again soon Thumbs Up 

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Post #233284 Wed Aug 12 2009 8:33am
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Tim in Scotland



Member Since: 30 May 2005
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You didn't hear him on the R4 Today program this morning did you................................... manipulative or what? He didn't answer one of the questions put to him all he did was tell us what he thought the Tories were not doing to help Labour out of this "temporary" problem and dodged entirely the question that was put to him that we will be up to our armpits in paying for Gordon Brown's incompetency until 2017 at the earliest! 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

Post #233285 Wed Aug 12 2009 8:44am
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shmoogle



Member Since: 07 Sep 2005
Location: ... and for every sprinkle I find, I shall kill you!
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No, I didn't.... I have R2 on most of the time in the car. Listening to these politics programmes on the radio do nowt but wind me up so I don't tend to listen to them. 

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Post #233287 Wed Aug 12 2009 8:52am
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