Jaguar Land Rover Announces its Need for $1 Billion

 

Many news reported that Jaguar Land Rover has been suffering from financial issues during 2018 and it is about to face bankruptcy in 2019. Jaguar Land Rover has suffered from big losses in the last 3 months of 2018, with losses estimated of $ 4 billion.

 

Jaguar Land Rover storm of difficulties are: Brexit, trade tensions with the US, a rapidly falling Chinese market, dropping diesel sales coupled with the costs of certifying to the WLTP standards, and investing in electrification. All of these causes have made the situation worse.

 

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According to Bloomberg news agency latest reports, the British manufacturer owned by the Indian's Tata needs to raise financing about $ 1 billion in just 14 months from now. It is usually possible, but because of the current difficult market conditions, the British company faces several difficulties in borrowing this amount of money, leading it to look for alternative solutions.

 

One of the possible solutions here may be the leasing of some of the company's assets, such as its production facilities or other international credit sources. In particular, the company's sales have fallen 35% in China, which is considered currently as the world's largest car market, resulting dropping 10% of its 4,500 employees last month. As the financial losses continue, more employees are expected to be dropped in the future.

 

Further reading:  Tesla & Mercedes Talking About Electric Van Collaboration

 

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