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Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.

Bogus DVLA websites costing motorists

A number of websites claiming to offer Driver and Vehicle Licencing Agency (DVLA) test booking services are costing drivers up to three times as much for routine applications, according to new reports. The Office of Fair Trading has confirmed that these fake sites exceed the standard DVLA costs for booking a driving theory or practical test – priced at £31 and £62 respectively – but that the independently run services are not actually illegal. On Bing: see pictures of the driving test MSN Cars learner drivers guide Preying on less experienced learner drivers looking to put in for their test, these sites generally appear as sponsored links resulting from an internet search.

Redesigned Ford Taurus debuts at the Detroit auto show

Ford's most famous nameplate is unveiled at the Detroit Auto Show . Designer Moray Callum's latest project at Ford wasn't designing just another car. He was charged with making over one of the company's most-famous nameplates: Taurus.