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Volvo debuts S60L for the Chinese market
Fri, 29 Nov 2013If you've tried the Volvo S60, did you get the feeling that it might benefit from a little more legroom in the back? The first-generation S60 and the second-generation S60 are fine automobiles, but if there's one gripe we've heard from owners about their cars, it's that rear-seat legroom could be a tad more generous (on that one day of the year when they have more than two people in the car). For the 2014 model year, Volvo is introducing a long-wheelbase version of the sedan, dubbed the S60L, but it will be available only in the Chinese market where long-wheelbase sedans are "a thing." The S60L will have a wheelbase that is 3.1 inches longer than the standard model, for a total of 112.4 inches, all benefiting rear-seat passengers.
Citroen DS X7 SUV going in to production in 2014
Mon, 11 Nov 2013The Citroen DS Wild Rubis (pictured) is going in to production as the Citroen DS X7 At the Shanghai Motor Show earlier this year, Citroen debuted the DS Wild Rubis Concept as a full-sized SUV concept which looked like it was heading for production. And now Citroen has confirmed it is. The new Citroen DS X7 will go in to production in China late in 2014 and be sold under the Changan-PSA joint venture with underpinnings based on the Citroen DS5.
Jaguar Land Rover raise £500 million to fund expansion
Fri, 23 Mar 2012Jaguar 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.