Jaguar Secures UK Government Loan To Build Electric Cars

The automaker is planning a range of electric vehicles.

Jaguar Land Rover has secured a £500 million loan from the government which will be used to produce a range of electric vehicles.

The guarantee came after a roundtable meeting in Downing Street between Prime Minister Theresa May and car industry representatives from other firms with UK production operations, BMW, Ford, Nissan, and Vauxhall in addition to Jaguar Land Rover.