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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.

GT3 Challenge Brazil spells out Porsche in Porsches on track

Earlier this month, the Porsche GT3 Cup Challenge Brazil took a break from punishing the pavement to spell the word “Porsche” in Porsches on Estoril's straight. The project took 23 hours of shooting and countless more in planning. Nearly 180 people were involved including drivers, Porsche GT3 Cup Challenge Brazil staff, engineers and mechanics, Estoril Circuit staff and others.

Official: Aston Martin Cygnet axed – fewer than 150 sold

Sir Stirling Moss was one of fewer than 150 Aston Martin Cygnet buyers Last month we reported that Aston Martin appeared to have axed their take on a supermini – the Aston Martin Cygnet – after just a couple of years. Now that news seems to be official after Reuters spoke to an Aston Martin source who also said the Cygnet sold so poorly that fewer than 150 were sold. That must make the Cygnet one of the poorest performing cars in any company’s sales history, especially as that fewer than 150 total was supposed to be 4,000 a year.