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Jaguar receives £500m government loan guarantee for EVs

2244 Views 4 Replies 3 Participants Last post by  CarolMartin
Jaguar Land Rover is getting a £500-million loan guarantee from the British government to further develop its electric vehicles. Let's see what they can do with all that money.

"The fund - while not a loan in itself - is a state-backed guarantee that will allow Jaguar Land Rover to easily secure credit and direct funding in order to "support the company's design and manufacture of the next generation of electric vehicles and its export activities". It effectively means that in the unlikely event that JLR were to default on repaying the loan, the government would step in."
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That 500 Million can be well spent if JLR partners up with other major automakers.

I looks like a BMW partnership is going to happen, at least when it comes to engines an electric powertrains.
Drivetrain components should be part of it as well for lower trim models. As performance demand grows I expect them to change to higher tolerances.

A loan is a good chance that it will work. I didn't have a job like this, so I decided to go for another loan. When you are young, it is almost impossible to get a good Bank loan rate, and you should go for another option. I read an article about youth loans in and it gave me a better chance of getting a better loan. It's hard when you graduate and your job doesn't pay enough for you to live a normal life. You can get a better chance of getting a loan if you improve your credit score. There are a few tricks to how you can do this, and one of the weirdest is to register to vote.
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