GE Capital signed an agreement to provide a working capital facility of up to £170m to Jaguar Land Rover, the UK based subsidiary of Indian group Tata Motors.
The facility will be available on a five-year term and will finance Jaguar Land Rover’s finished vehicle stocks between the points of production and onward sale to dealers on a revolving basis.
Commenting on the funding, Ken Gregor, CFO Jaguar Land Rover, said: “We are pleased that our funding plans have further progressed and welcome the confidence shown by GE Capital in the Jaguar Land Rover business.
FinSMEs
16/11/2009