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Sir Stirling Moss, 81, retires from racing

While participating in a live interview with Joe Bradley of RadioLeMans.com on Thursday, Sir Stirling Moss announced his retirement from the sport that he loves. "This afternoon I scared myself, and I have always said that if I felt I was not up to it or that I was getting in the way of fellow competitors, then I would retire," Moss said. Moss is one of the most recognizable figures in motorsports, with a career that has spanned more than 60 years.

New British car company coming?

British entrepreneur David Brown, not to be confused with the late Aston Martin owner Sir David Brown or the former British Prime Minister, has announced the upcoming debut of a new luxury sports-car brand bearing his name. Brown has teamed up with ex-Land Rover chief designer Alan Mobberley to create the new car, dubbed "Project Judi" for now. This wouldn't be an update of any existing model but rather an all-new exterior and interior design.

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.