Land Rover boss Phil Popham says that the firm "is not even considering" an alternative to UK government guarantees on crucial loans, despite speculation over the last 24 hours that the deal is on the brink of collapse.
Jaguar Land Rover's owner Tata wants the UK government to guarantee a £340m loan from the European Investment Bank, as well as trying to secure a slice of the £2.3bn that's been made available to help British-based car manufacturers. But there has been intense speculation that Tata is unhappy with conditions being placed on the deal, including the government having a seat on the board.
Speaking at the Barcelona motor show, where Land Rover is showing the new Range Rover, Range Rover Sport and Land Rover Discovery, Land Rover managing director Popham told Autocar, "From our point of view, nothing has changed. There’s been speculation over the last two or three weeks about what is happening with the deal, but we continue to talk with the government and continue to work with them so they can conduct due diligence to promote the loan guarantees or access to the European investment bank and potentially extra funding."