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UK taxpayers guarantee $626M loan for Jaguar Land Rover EV program

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British Prime Minister Theresa May on Monday confirmed that Jaguar Land Rover will receive a loan guarantee from taxpayers for 500 million pounds (approximately $626 million) to support future EV development. Rather than directly funding the loan,
'British Prime Minister Theresa May on Monday confirmed that Jaguar Land Rover will receive a loan guarantee from taxpayers for 500 million pounds (approximately $626 million) to support future EV development. Rather than directly funding the loan, the guarantee means taxpayers will be on the hook for any loan taken out by Jaguar Land Rover, up to..'