The 'E' Type Forum

Eeek! It's bad enough that they already lump all the Jaguars and Land Rovers together in the Goodwood Revival car park. Don't tell me we're now going to have to muck in with all the Peugeots and Citroens as well.....

I think Callum has lost the word Grace from the Jaguar ethos maybe the French will instil some "Je ne sais quoi"

I have not looked at PSA accounts this year, but when I last looked at them at the time of the Opel/Vauxhall takeover I thought that such a transaction would put an enormous strain on their already not very strong finances. The Balance Sheet at that time was heavily dependent upon a huge amount of unsold stock of vehicles actually realising their nominal value . I cannot believe that there is any smaller strain in this postulated transaction, ( unless it is in fact a reverse takeover : TATA could swallow PSA out of this week's petty cash ) and further I believe that the Competition and Markets Authority would take a close look at it in any event.

Edit : I have now looked at the Groupe PSA accounts for 2018. Net current liabilities were about 1.8 billion Euros,( roughly speaking non-cash current assets being 12.2 billion E, cash being 16 billion E, and current liabilities being 30 billion E ) which was an improvement on 2017 when net current liabilities were about 3 billion, but the overall debt/equity ratio is about 3:1 . I can hardly think that Tata would accept paper for JLR, having invested huge amounts in it, and thus there would be a huge amount of cash to be found by PSA, and given the net current liability position I do not think it would be wise to use the present cash resources .

The jaguar in the claws of the lion