Hugo Griffiths

2019-07-16 09:15

Prime Minister announces guarantee, which will help JLR secure loans to further develop electric vehicles

Jaguar I-Pace front

Jaguar Land Rover has received a £500-million loan guarantee from the government, after Theresa May hosted automotive industry heads at 10 Downing Street in her final days as Prime Minister.

The fund – while not a loan in itself – is a state-backed guarantee that will allow Jaguar Land Rover to easily secure…

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