The fundraising comes as the coronavirus pandemic has hit global automakers’ supply chains and sales. Sales from China used to account for 25% to 30% of JLR’s global sales, but over the past two months make up 50%, Yu said.
The loan facility “can help JLR China better manage cash flow amid the coronavirus epidemic”, Yu told reporters on Friday. JLR, which imports cars and also has a manufacturing partnership in the Chinese eastern city of Changshu with Wuhu-based Chery Automobile, said its China sales in April were level with same period last year, and it saw sales growth in May.
Yu said the company expects sales of China’s luxury car segment this year to be level with last year or see slight growth.
so jaguar and land rover will be made in china :v
With loan shark clauses in sure. That's the Chinese way.
What will be happened in the future?
Hard to believe a company that buyers spend a weeks worth of pay on a monthly payment needs to borrow money.
This is dangerous. It could end with Jaguar and Land Rover meeting the same fate as MG.
And these guys were trending BoycottChina
Bad time
jaguarlandrover here we go again what is it we look for in China! We can get from Europe 🙂🙂🙂
Hmm, I don't think taking dirty ccp money was wise.
Serr sour to devir. Shamefur and ridicurous!
Reason 1835 that I will never own another Range Rover.
coronavirus pandemic kills 749 people in the US in the past 24 hours, bringing the total in the US to 109,791...
All that talking from Indians
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