Is Jaguar Land Rover seeking credit access or a bailout?
2009 Range Rover Sport ? 14 mpgUS combined. The prize for the smartest deal cut in 2008 surely goes to Ford, for suckering Tata of India into buying the perennial British value munchers Jaguar and Land Rover just before the markets plunged, and getting $1.7 billion, net, in return. More evidence of the cleverness of this move comes from reports that Tata will have to inject tens of millions of dollars into the combined company, now known as JLR, and that the British government is considering bailing out the troubled company.