Bloomberg News has retracted an incorrect Bloomberg Opinion column originally published on the Bloomberg Terminal on May 29 in Hong Kong with the headline 'Jaguar, Where'd That Extra $1 Billion Come From?' Our reporting about the primary subject of the story, Jaguar Land Rover, was flawed. The column incorrectly reported that JLR used 500 million pounds in funding from its receivables facilities to boost its cash flow. JLR also said that even if it had drawn from those facilities it would have been accounted for as debt and would not have boosted operating cash flow. This story has been published from a wire agency feed without modifications to the text.

Source: Mint June 03, 2019 14:55 UTC