JAGUAR Land Rover has secured a £340m loan from the European Investment Bank as part of a £500m boost to the UK motor industry.

The loan to Jaguar will be used by the company to develop hybrid drive systems, more efficient engines and other environmental technology aimed at helping to reduce its vehicle's emissions by 25% by 2012.

Jaguar employs 2,000 people at its Halewood site which produces the Land Rover Freelander 2 and Jaguar X-TYPE.

The EIB, the EU's long-term lending bank, has also approved......for the full story register now for free or login below...