Jaguar Land Rover Is Seeking U.K. Virus Aid Package
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Jaguar Land Rover is seeking a government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.
The U.K.’s largest auto manufacturer is in talks to borrow more than 1 billion pounds ($1.2 billion) through the U.K.’s emergency coronavirus lending program, the people said. JLR is also seeking tax breaks, research grants and other subsidies, which could bring the total value of the state support to more than 2 billion pounds, one of the people said.