UK automaker entity Jaguar Land Rover is the latest in the line of car manufacturers seeking financial aid to shore up finances, seeking a 1-billion-pound bail-out from the UK government. The company, owned by Tata Motors of India, has seen consecutive months of sales decline.

The government reportedly will make its decision in at least two weeks. David Smith, CEO of Jaguar Land Rover, said in October that government bail-outs are needed by UK automakers in order to weather the effects of the current economic crisis. “Unless we introduce further measures to reignite the UK economy, there is significant risk,” he said.

Land Rover saw a steep decline of 37 percent for its US car sales from January through October this year. The brand suffered a similar 27 percent decline in the UK through the year’s first ten months.

Jaguar Land Rover refused to comment on the reported bail-out request. With the German government stating its willingness to aid Opel, perhaps the UK government would also be more than willing to help its ailing car manufacturers.

Source: Autocar