If you’ve dropped the kids off at school in London or the New York suburbs recently, the idea that Jaguar Land Rover Automotive (JLR) is struggling must seem far-fetched. The British carmaker’s Range Rover SUVs have become a common feature of the upper middle-class lifestyle. How else would one get to brunch and the gym?

Yet a decade after India’s Tata Group acquired and dramatically reinvigorated these famous old brands, JLR is back on the ropes. The unit lost an eye-peeling £3.3bn  in the fiscal year to March and burned through £1.3bn of cash. No wonder Tata is casting around for help...

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