Land Rover to Get Pounds 800m Lifeline

Daily MailApril 03, 2009

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Summary


JAGUAR Land Rover is set to receive Pounds 800million in support from the Government as part of a massive bail-out of Britain's ailing car industry About Pounds 300million will be a loan from the European Investment Bank underwritten by the British Government.

The remaining Pounds 500million will come in the form of a taxpayerbacked loan guarantee, according to sources close to the talks.

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Extract


Land Rover to Get Pounds 800m Lifeline

The first part of an industry-wide Pounds 2.3billion rescue will go to Nissan's Sunderland factory which is to receive half of a Pounds 400mi...

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