[MWE22]

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."

https://www.autoexpress.co.uk/jagua...s-500m-government-loan-guarantee-to-build-evs

 

[JagMan]

That 500 Million can be well spent if JLR partners up with other major automakers.

BMW?

 

[MWE22]

I looks like a BMW partnership is going to happen, at least when it comes to engines an electric powertrains.

https://www.autocar.co.uk/car-news/industry/jaguar-land-rover-and-bmw-extend-alliance-plans

 

[JagMan]

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.

 

[CarolMartin]

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