Jaguar EV?

http://www.bloomberg.com/apps/news?p...

The U.K. government announced a 2.3 billion-pound ($3.4 billion) loan guarantee plan in January to help industry cope with the recession. Under that program, car makers are allowed to top 1.3 billion pounds of European Investment Bank funding and another 1 billion pounds of backing from the Treasury.

As part of that plan, the EIB yesterday agreed to loan Tata Motors Ltd.’s Jaguar Land Rover unit 366 million euros ($484 million) to finance the development of fuel-efficient cars. The U.K. government in March pledged 27 million pounds to the company to aid research into a greener vehicle.