Jaguar Land Rover receives innovative loan package
16 November 2009

Jaguar Land Rover is expected to announce a unique five-year loan worth £170m, reports the Financial Times.

The money comes in the form of a new £170m working capital facility from GE Capital, the financing arm of General Electric in the US, allowing JLR to to make money from finished vehicles before they reach showrooms.

The asset-backed distribution finance facility will be drawn down by JLR when vehicles are completed on its three production lines.

This will help to shorten the 30- to 40- day gap between producing cars and delivering them to dealerships in 90 countries.

"Having identified a large group of assets that had been underutilised we looked at how working capital can be freed up from them and we found a solution," said Rich Green, chief executive officer of GE Capital's distribution finance business.

"We are talking to several other European car makers about a similar facility, but as far as we know this is the first of its kind."

Twitter - follow autocar.co.ukSee all the latest Jaguar reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK