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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.

Volvo consign normal car batteries to the history book

Volvo consign normal car batteries to the history book by using body panels for storage As our cars become more and more reliant on power from batteries – either to run the multitude of technology or top provide power for electric motors – the cost and size of the batteries needed continues to grow. But Volvo have been working an an alternative for the last 3.5 years which can potentially do away with the battery and instead store power in body panels. Volvo has built an experimental S80 which has body panels made of carbon fibre and polymer resins and structural super capacitors.

M6 cafe voted top of the pit stops

TEBAY SERVICES on the M6 is the most popular place for a pit stop in the UK, a survey has found. The family-run service station in the Lake District that sells home-grown and local produce in its farm shop and restaurant achieved the top score of 90% in a survey of Which? members.