HALEWOOD’S Jaguar Land Rover (JLR) plant will share in a £340m lifeline thrown to its parent company by the European Investment Bank (EIB).
But the car maker warned it could still need government support to help ease its cash flow problems.
The EIB approved the loan as part of an £809m loan package to European car makers to help them design and build cleaner cars with lower carbon dioxide emissions.
Halewood, which employs 2,000 staff, builds the new “stop/start” Freelander model which cuts the engine when the vehicle is stationary, achieving better fuel consumption and reducing carbon dioxide emissions.
The Knowsley plant is also favourite to build Land Rover’s proposed LRX concept car, which would be the lightest and most efficient vehicle ever made by the company.
