Forums Forums Enthusiast Forums A - Z Autowirral TAXPAYER TO FUND LRX

Soooo, the government try their hardest to get these 4x4s off the roads, then may help get another one on the road - to cap it all, its now owned by an indian company

Land Rover secure financial backing from the government



Land Rover is to get a £27m taxpayer injection to help it develop the LRX concept for production, according to a statement today by business secretary Peter Mandelson.

The proposed payment, which needs to be agreed by the EU, is a small part of the £400m that Land Rover’s Indian owner Tata says it needs to put the new mini-Range Rover into production. However the government backing for the project is designed to help ensure the new model is built at Halewood, says the official statement.

The new model will be the smallest, lightest and most efficient that Land Rover has ever produced. Although based on the LRX concept the production version will have five doors and a hybrid version is also mooted.

The grant was applied for many months ago, according to reports, and is unrelated to the industry’s total claim for a £2.3n government support package that is also being discussed by industry representatives in London today.

Its not even that nice - it looks like a Transformer...

It'll transform to junk....

Po-Tata?

i dont get it, why do they need money, surely they have made shed loads of cash, every footballer or star has a landrover ???????

because they are greedy barstard - its not to keep the cars rolling off the line - its to fund the CEO's retirement plans.

Jumping on the bandwagon?

...if every other car company car do it, why shouldnt they?

Dont know if that the actual reason, just a thought.

are GM getting money from the government?

GM USA have requested it....

well they'd better not ask here!

FFS!!! It should be part of the deal or no cash!! What is wrong with this government!!??!! I'm not going to rant because it would go terribly off topic - suffice to say my cage has been well and truly rattled!!

And to get back on topic - it's ugly anyway. Looks like a football boot without the studs!

The whole 'saving the economy' is totally crooked. Every single minister from Herr Braun to Mendleson is trying to make a lot of money out of it.

Saddening thing from this is that this hideous piece of crap will be built....and other smaller entirely british Marques will disappear completely from our shores.

Im guessing the government are doing this as Land Rovers are some of the biggest british exports to the rest of the world.

Even though all those exports are Defenders hahahahaha