Jaguar, Land Rover asking for additional 1B from Tata

Tata Motors, the Indian car maker who has revolutionized the small car world with the Nano, also owns Jaguar and Land Rover, which it purchased from Ford last year. However, in light of a ton of money already spent to assist the fledgling brands, it has come to pass that Tata will need an additional 1 billion dollars to keep them afloat during the global meltdown of auto economy.

While this is obviously something that is not exactly a huge surprise or something that Tata ultimately expected, it's not being blinked at--the company is willing to stake the capital instead of let them go even deeper into the tank where they may have to sell it or just let them go.

From Tata: “We will do everything in our ability to resource all our operations. The company is spending whatever is required to the best of its abilities. A company has to run. We are doing everything to make the company run.”

Well, if that isn't one of the understatements of the year, I don't know what is.

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Jaguar, Land Rover asking for additional 1B from Tata

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