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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.

Hyundai lures Toyota's Michael O'Brien to head U.S. product planning

Hyundai named Michael O'Brien vice president of product and corporate planning--an influential position that has been vacant since John Krafcik became CEO in late 2008, the company announced on Tuesday. O'Brien, 55, spent the last 14 years at Toyota Motor Corp.'s U.S. sales division as a manager within the corporate planning division.

Audi A8 (2010): the latest spy photos

By Tim Pollard First Official Pictures 10 September 2009 09:56 This is the new 2010 Audi A8, scooped on test in Europe sporting a very BMW-style swirly whirly disguise. The A8 won’t be at next week’s 2009 Frankfurt motor show, and we’re expecting to see it at a later date in 2009 around November time. Audi has already issued a teaser sketch of the new A8’s headlamp, but now we can see the full dimensions and shape for the first time.