Britain

Tata owned Jaguar rescue bid in doubt due to warring Brit departments

JaguarLondon, Apr 30 : The wrangling between the Treasury Department and the Lord Mandelson-led Business Department might delay an 800 million pound emergency package for the Tata owned Jaguar Land Rover.

Jaguar Land Rover executives fear that even if they can agree terms with the Treasury for the refinancing it may be months before they receive the cash. Such a delay could force the carmaker to cut jobs in its 15,000-strong workforce to stay afloat.

Officials from the Business Department (BERR) met executives representing Jaguar Land Rover this week to discuss the package, The Guardian reported.