Bloomberg News - Tata Motors Ltd. (TTMT), the Indian owner of Jaguar Land Rover, hired State Bank of India to help it borrow $500 million in a term loan, according to a person familiar with the matter.

Gasgoo.com (Shanghai August 30) - BYD made a massive employee cutback yesterday, with nearly 70 percent of the staff at its subsidiary sales company being laid off, Economic Observer News reported today. The remainder of staff in that company's sales department will resign by the end of September. Further cuts may be made in the near future.