Jaguar Land Rover have successfully secured an 18 month lifeline after running up loses of over £1.2bn in the past 12 months. The car firms latest filed accounts show they have secured a £600m bank facility that will enable them to keep trading until the end of next year. JLR were within days of defaulting [...]

continue reading.....

The European Investment Bank (EIB) has approved funding for Jaguar Land Rover and Nissan. The EIB today approved a whopping £340m package for Jaguar Land Rover and a £370m (400m euros) package for Nissan’s UK and Spain operations. Jaguar Land Rover had applied for money to invest in research and technology to develop more environment-friendly [...]

continue reading.....

Jaguar Land Rover will get approval for a loan of £270m from the European Investment Bank on Tuesday 7 April. According to government sources, the firm has met the loan criteria. A loan of £364m (400m euros) will also be split between Nissan’s plants in Sunderland and Spain, bringing the UK total to £455m (500m [...]

continue reading.....