[onionisafruit]

to paraphrase mike tyson, everybody has a disaster recovery plan until they get punched in the face

[intrasight]

They did have a good plan - which was to have the government bail them out. If you have that plan, there is no need to have any other plan.

[noir_lord]

From their point of view it was a good plan - given JLR is owned by Tata who had the resources to bail them out and didn't they (Tata) likely see it as a good deal.

Late stage capitalism in action as usual - privatise the profits, socialise the costs.

Technically what the government did was underwrite the loan but again - why is the government underwriting the loan when Tata has the resources to do that (13bn net income at last FY).