Jaguar seeks state loan as coronavirus pandemic takes toll

Jaguar Land Rover unveils the new Jaguar F-Type model during its world premiere in Munich, Germany

Jaguar Land Rover (TAMO.NS) is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News reported on Saturday.

The loan request had been lodged with the Department for Business, Energy and Industrial Strategy, the Sky News report said, citing a source close to Jaguar Land Rover, whose parent company is Tata Motors.

“The claim is inaccurate and speculative,” Jaguar Land Rover said in an emailed statement to us. The statement said the company 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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