Talks between Jaguar Land Rover, Tata Steel and the British government have reportedly ended, leaving both companies in need of private financing in order to overcome these difficult times.
In the end, it seems that JLR failed to qualify for taxpayer support, according to the Financial Times, as the carmaker was unwilling to accept certain levels of decarbonization, which would have resulted in an accelerated timeline for vehicle electrification and the phasing out of diesel cars.
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