Jaguar Land Rover (JLR) and Nissan's British factory have won hundreds of millions of pounds in loans from the European Investment Bank (EIB) in the first round of money for UK-based carmakers.
Lord Mandelson, the Business Secretary, also appeared to offer hope for JLR's move to get an additional £500 million in loan guarantees from the Government.
JLR was granted €366 million (£329 million) from the EIB and Nissan's European division, which comprises its Sunderland factory and an operation in Spain, was awarded €400 million. JLR's loan and the UK part of Nissan's will be underwritten by the Government.
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