02
Feb
14:40
UK backs new loan for JLR’s electrification plans
British carmaker Jaguar Land Rover (JLR) has secured a new commercial loan with 12 banks, 80% backed by the government via the UK Export Finance (UKEF) programme, Kallanish reports.
The £625 million ($848.10m) five-year loan was taken with a £500m loan guarantee from the government. The loan will support R&D and exports of battery electric vehicles (BEVs), according to international trade secretary Anne-Marie Trevelyan.
“We are backing our…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
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