European Investment Bank Provides Jaguar Land Rover A $458 Million Loan

Posted Feb 27, 2010

Jaguar Land Rover has made their first quarterly since they were bought by Tata in June 2008, but the company is taking a major loan from the European Investment Bank. Jaguar Land Rover will be taking a $458 million loan from the EIB to develop micro-hybrid and full-hybrid drivetrains to increase fuel efficiency. This means that sometime in the not-so-distant future, we could be driving around hybrid Range Rovers and hybrid Jaguars.

[Liverpool Echo and TTAC]