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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.

BMW i: the new electric car sub-brand launched

I spy something... beginning with i. That'll be the name for BMW's new sub-brand for its forthcoming electric vehicles (both pure EV and hybrid), announced today. Think of i as BMW M - a sub brand for the internet-savvy, eco-conscious, city-dwelling new premium car buyer. BMW's new sub-brand was launched with a live-streaming web conference from the BMW Welt complex in Munich on 21 February 2011.

Interior Motives Design Awards 2010

As the doors closed to the press at the Mondial de L'Automobile in Paris, the world's top designers and automotive journalists gathered at the nearby Palais des Congrès d'Issy to watch a new generation of designers celebrate success at the 2010 Interior Motives Design Awards. Never before has the automotive industry been in greater need of fresh perspectives and innovation, and the students gathered here tonight provided both in spades - perhaps none more so than Kosin Voravattayagon of Sweden's Umeå Institute of Design, who walked away from the event with the Interior Motives Student Designer of the Year 2010 title and prize money totalling $5,000. Themed ‘Driving the Interior Revolution', this year's contest attracted entries from an incredibly diverse range of schools and nationalities - from Israel and Iran, to Slovakia and South America.