British luxury auto maker Jaguar Land Rover, owned by India's Tata Motors, said on Tuesday it has raised $500 million through a bond issue to fund operating costs and growth plans. "We are pleased to have completed this transaction successfully which we believe demonstrates the confidence of the market in our company and plans," said Kenneth Gregor, chief financial officer of Jaguar Land Rover (JLR). The funds raised by the Tata Motors subsidiary will be used for JLR's growth and capital spending plans, a statement said. JLR reported record global sales of 357,773 vehicles in 2012, a 30 percent year-on-year rise, led by strong demand in China, Britain and the United States. Tata Motors bought JLR from Ford in 2008 for $2.3 billion as part of plans to expand beyond Asia and the company accounted for 63 percent of the Indian firm's revenues in the last financial year.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor