Bloomberg News has retracted an incorrect opinion column originally published May 29 with the headline "Jaguar, where'd that extra $1 billion come from?"
The column also appeared on the Automotive News and Automotive News Europe websites, which subscribe to Bloomberg News content.
Bloomberg's retraction said:
"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 said it has made no such use of its receivable facilities during recent quarters.
"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. The column contained other inaccuracies as well. We regret the lapse in our editorial standards and apologize to readers and to JLR for any harm the article may have caused."
