Jaguar Land Rover guaranteed £500 million loan by UK government

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.