Buoyed by surging demand in emerging countries and its break-out star, the Range
Rover Evoque, Jaguar Land Rover
will receive a cash infusion from its parent company, Tata Motors, this year.
Tata has committed $2.4 billion for capital expenditures and product
development, says C.R. Ramakrishnan, chief financial officer of Tata, which
bought Jaguar Land Rover from Ford Motor Co. in
2008. That's twice what has been spent on Jaguar Land Rover in the past five to
six years.
Full MSN Autos story here: http://on-msn.com/zJuguw
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