Indian car company, Tata Motors, current owners of Jaguar and Land Rover, has drafted business accountancy and finance specialists KPMG and Roland Berger Strategy Consultants to advise on reducing cost and cash management. The luxury brands are reported to be making huge losses. It appears that the consultancies have already been working at JLR for a couple of months.

Last year's filed accounts show that JLR's UK operations recorded a net loss of £673 million last year with Tata spending around £600m to keep the brands above water since it took over last year.

Jaguar Land Rover is now in negotiation with the UK Government on state loan guarantees that Tata says it needs to keep the company afloat.


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A deal to rescue ailing Jaguar Land Rover could be signed, sealed and delivered within a fortnight.

The basis of a deal is already on the table, according to Whitehall sources and only requires JLR’s signature.

The only impediment is how quickly the company needs the cash and how quickly they sign.

The news came as Jaguar announced that it was to end production of the X-Type at its Halewood plant with the loss of 300 jobs and the prospect of more to follow if financial help was not forthcoming.

JLR has already been approved for a £340 million European Investment Bank loan, but it needs to be under written by the Government with guarantees.

The new deal includes some strings to safeguard taxpayers’ interests, but is believed to stop short of a government-appointed seat on the board, which had been a possibility some months ago.