Good news for UK car industry Automotive The UK car industry finally has some good news. Business Secretary Lord Mandelson today outlined a loan package potentially worth up to £2.3bn.This includes a scheme to unlock £1.3bn of European loans and a government guarantee for up to £1bn of further loans. The news was welcomed by Jaguar Land Rover and the Society of Motor Manufacturers and Traders. Automotive Email ThisBlogThis!Share to XShare to Facebook