Jaguar Gets$458-million Loan for Hybrid Development
Jaguar and Land Rover makers have a new deal – worth $458-million dollars! Loans granted by The European Investment Bank for a European Clean Transport Facility will help the luxury auto makers produce their future hybrid cars.
Tata Motors, who own both brands, have yet to build a luxury Jag hybrid. This loan will finance the development of hybrid drivetrains, along with more energy-efficient vehicle bodies.
One of the best directions Jaguar can go is taking their mini sports roadster, the XE concept – they could feature an extended-range hybrid powertrain, as well as a small three-cylinder gasoline engine. Jag is also working on hybrid electric versions of its new XJ sedan.
With Jaguar Land Rover consolidating its powertrains in recent years, the two automakers would certainly share any production-ready hybrid system for use on both Jaguar and Land Rover models. Likewise, research on more efficient bodywork would benefit both brands and could see improved fuel efficiency for the total lineup, as well as reduced construction costs.
Read more: MotorTrend
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