Ministers 'considering Jaguar loan'
Updated on 21 December 2008
Ministers are weighing up a direct loan worth hundreds of millions of pounds to ailing car maker Jaguar Land Rover, it was reported.
Business Secretary Lord Mandelson could approve a £500 million loan to the company, which employs around 15,000 people in the UK, the Sunday Times claimed.
The possibility of a loan comes amid fears of thousands of job losses across the industry as car sales fall away in the credit crunch.
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