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Jaguar Land Rover raise £500 million to fund expansion

Jaguar Land Rover raise £500 million Jaguar Land Rover is raising £500 million on the bond market to fund its expansion, including new models and new facilities. Hot on the heels of the Jaguar Land Rover joint venture deal with Chery in China comes the news that Jaguar has dipped in to the private bond market to raise £500 million to help with its bold and bullish plans to make JLR a major world player in the premium vehicle sector. JLR plans to invest £1.5 billion a year on expansion and is making sure its coffers can cope by issuing £500 million of senior notes due in 2020, with the net proceeds of the bonds being used for general corporate purposes.

Mini Moke makes its comeback

Moke International It wouldn't be entirely fair to put the Mini Moke into the 'so bad it's good' category, but the fact remains, the Moke wasn't that great. And yet, despite its tepid performance, questionable off-road ability and tendency to rust, it was a runaway success. And let's face it, the Mini Moke remains one of the coolest cars ever created.

Spanish street named after car racing video game creator

THE SPANISH town of Ronda has named a street after the creator of car racing phenomenon Gran Turismo. Kazunori Yamauchi, the man behind all six Gran Turismo games and their respective PlayStation spin-offs, was honoured in an on-street ceremony by the Mayor and Deputy Mayor of Ronda, where the new street sign was unveiled. Paseo de Kazunori Yamauchi runs along the edge of the stunning ravine that makes Ronda a popular tourist destination.