Tata Motors announces that Jaguar Land Rover has secured a loan of £340m from the European Investment Bank to invest in environmental projects.
The loan is to finance the development of micro and full hybrid drive trains and research into more energy efficient car bodies for the premium car market. The loan is structured with guarantee support from banks, with Credit Suisse working in the lead with Jaguar Land Rover and Tata Motors in arranging the structure. State…
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