2004 Pontiac Grand Am Door Latch Passenger Right Front 2638909 on 2040-parts.com

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 Blue Will at Seoul motor show 2009

By James Foxall Motor Shows 02 April 2009 15:18 What’s new on Hyundai’s Seoul motor show stand? The big noise on Korea’s best-selling car maker’s stand was its eco-friendly Blue Drive strategy and, more significantly, the launch of its first hybrid production car. The Elantra petrol-electric vehicle uses a 1.6-litre LPG-powered engine with power boosted by a 15kW electric unit.

Alcraft and RCA announce design competition winner

Alcraft Motor Company has announced the winner of a design competition featuring students from the Royal College of Art (RCA) Vehicle Design program. The contest, which concludes a joint project exploring British design values and personalized vehicle design, challenged students to develop a personalized design package for Range Rover models. Winning student Jed Sheehan collected his award for his treatment of the flagship Range Rover, which Alcraft has transformed into a design study.