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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.

Audi A1 quattro snow ballet (video)

The Audi A1 quattro struts its stuff on snow After the news yesterday that the Audi A1 quattro will cost an enormous £41k, we though video of the A1 quattro in action might help. Yes, the Audi A1 quattro costs a ridiculous amount of money by any sane standards, but set aside your head and look at it with your heart, and it’s an appealing car. Especially when you see the A1 quattro handling the snowy track in this A1 quattro video.

Concept Car of the Week: Mazda Taiki (2007)

Mazda had been doing fantastically well with its concepts since the end of 2006, and its offering for the 2007 Tokyo motor show didn't buck the trend. The fourth in the 'Nagare' series that explored the idea of 'Flow, it lined up on the Mazda stand with its older brothers for the first time, and was understandably a most impressive display and one of the highlights of this show. Here's what Nick Hull had to say about the Taiki at the time.