GE Capital today signed an agreement with Jaguar Land Rover (JLR) to provide a working capital facility of up to £170 million available for a five-year term.
It will be used to finance JLR finished vehicle stocks between the points of production and onward sale to dealers on a revolving basis.
Ken Gregor, chide financial officer at Jaguar Land Rover, said: “We are pleased that our funding plans have further progressed and welcome the confidence shown by GE Capital in the Jaguar Land Rover business.”