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Tata's Jaguar Land Rover gets #340-million EU loan
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10 Mar 2010 - 12:00 AM

The European Investment Bank said on Tuesday it had agreed to a £340-million ($510 million) loan to the Jaguar and Land Rover brands of Tata Motors.

The bank, the European Union’s financing arm, said the loan would be used partly for work on hybrid vehicles, as well as research into reducing vehicle weight to improve energy efficiency.

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