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Jaguar Land Rover – Clever Finance Deal
Mon, 16 Nov 2009JLR 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.
£2m McLaren P1 GTR for Pebble Beach
Mon, 28 Jul 2014McLaren McLaren will show its new P1 GTR – pictured here for the first time in an official teaser shot above – at the Pebble Beach Concours d’Elegance car show next month. The P1 GTR will feature a number of circuit-biased modifications – including a 1,000hp engine – and will cost £1.98 million. McLaren P1 GTR: track-focused modifications The GTR is based on McLaren’s P1 hybrid hypercar, itself designed not to be the fastest, but the most focused, involving and advanced driver’s car there is.
Volvo Group plans wirelessly charged bus line
Tue, 20 May 2014There's one bit of futuristic transportation technology that seems to get trotted out almost as often as autonomous cars, electric cars and flying cars: Inductive, or wireless, charging for city buses. It's not as sexy or as memorable as the perpetually out-of-reach commuter-grade Harrier jet, but it uses proven technology (GM's EV-1 uses inductive charging, as do electric toothbrushes) to save or eliminate fuel and to reduce emissions. And unlike the flying car, induction-charged buses are hardly fantasy: They've been used in European cities for over a decade, South Korea started testing a fleet last year and Utah got in on the act recently.