Sunday, 21 December 2008

And the Labour Government are considering giving money to Tata

The BBC report that
"Tata Consultancy Services, part of Asian conglomerate Tata Group which produces the world's cheapest car, will sponsor Ferrari from next season.

"For the first time an Indian brand will appear on a Ferrari," Ferrari chief Luca di Montezemolo said."

Meanwhile the BBC also report that
"Ministers are discussing a £667m loans package to help Jaguar and the UK motor industry, a Labour peer has claimed.

Prime Minister Gordon Brown had said on Friday there was "no promise of support" for the car maker, despite action to shore up the US motor sector.

But manufacturing expert Lord Bhattacharyya told the Financial Times he expected the government to arrange the loans "fairly soon".

Unions say tens of thousands of jobs are at risk without government help.

Lord Bhattacharyya, who is said to be close to both Mr Brown and Ratan Tata, chairman of Jaguar Land Rover's owner the Tata group, said Britain should follow America's lead. "

Can anyone spot the contradiction here?

No comments: