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F1 photos raise £20,000
Wed, 12 Feb 2014A SERIES of photographs taken by Formula One drivers and team members has raised more than £20,000 at a charity auction. The sale included an image taken by Michael Schumacher of a boat on a lake that fetched £2500. An identical amount was paid by Formula One boss Bernie Ecclestone for one of his own pictures.
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.
Watch Kimi Raikkonen’s lawnmower race before British Grand Prix
Wed, 09 Jul 2014By Adam Binnie Motoring Issues 09 July 2014 11:27 Former F1 world champion Kimi Raikkonen revealed an unusual pre-race warm-up ahead of the 2014 British Grand Prix, by haring around a grass track on a racing lawnmower. Drivers are usually encouraged to keep their cars off the grass but as this video shows, the 2007 F1 champ is clearly able to transfer his skill from the tarmac track to the lawn. Kimi raced against former F1 drivers Martin Brundle, Johnny Herbert and also Anthony Davidson around the grass track in a publicity stunt.