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 on loans [...]

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Talks to save Jaguar Land Rover (JLR) were on the brink of collapse last night in a row over conditions the Government want to impose in a rescue package.
Both sides are insisting that the talks are still ongoing at its Halewood plant, although owners, Tata Motors are understood to be refusing to accept the terms [...]

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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 cars at [...]

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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 euros).
Jaguar Land [...]

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