Jaguar Land Rover guaranteed £500 million loan by UK government

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Jaguar Land Rover (JLR) has secured a £500 million ($884 million) loan from the British Government, having last week announced plans to build its next-generation electric vehicles in the UK. The guarantee was made by the UK Export Finance agency, and is designed to give the struggling carmaker a leg-up in the race to develop electric vehicles, according to reporting by The Guardian.

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