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GM fires engineers, executives after ignition switch recall probe
Thu, 05 Jun 2014Update: New story containing new information, additional details of terminations added. General Motors has dismissed 15 employees, including at least eight executives, after an internal investigation found “a pattern of incompetence and neglect” that led to 11 years of delays in recalling millions of cars for a fatal defect, CEO Mary Barra said today. Barra promised that the company would address future safety issues far differently, warning employees that failing to report risks would make them “part of the problem” and even inviting them to contact her directly if they couldn't get potential defects addressed themselves.
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.
Land Rover Discovery 4 HSE Luxury Special Edition
Wed, 04 Apr 2012Land Rover Discovery 4 HSE Luxury Special Edition Land Rover has revealed a luxury special edition discovery at the New York Auto Show – the Discovery 4 HSE Luxury – the highest spec Disco ever. It’s not hard to work out that Land Rover are in the process of replacing their current range of Discovery, Range Rover, Range Rover Sport with new models. We had the Range Rover Westminster back in February and today at the New York Motor Show we get the Disco run-out model with the reveal of the Land Rover Discovery 4 HSE Luxury Special Edition.