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Jaguar, where'd that extra $1 billion come from amid big yearly losses?

Jaguar, where'd that extra $1 billion come from amid big yearly losses?

Cash is fungible. So if a company suddenly has $1 billion more of it, does it matter where it comes from? For Jaguar Land Rover, it should.

In its latest results, the iconic UK car company, owned by Tata Motors Ltd., posted around 1.4 billion pounds of free cash flow ($1.77 billion). That's a sharp turnaround from a running cash-burn rate of more than 500 million pounds per quarter over the last two years, and around negative 2.7 billion pounds over the last nine months alone. The company attributed the sharp rise to its efforts to manage working capital, including inventory ...

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First Published: Wed, May 29 2019. 13:25 IST