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Classic Design Concepts to debut "Bad Penny" Ford Mustang

There won't be a shortage of custom-built Ford Mustangs at the upcoming SEMA show in Las Vegas, and there's one car that's already making waves before the show has even started. Classic Design Concepts has published photos and details of the "Bad Penny" Mustang that will be debuting at the show, and the company promises that it will be as fast and as mean as it looks. The base vehicle used for the build is a 2014 Ford Mustang GT, with a 5.0-liter four-valve Ti-VCT V8 engine mated to a six-speed manual transmission.

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.

Italian supercar makers halt production after second earthquake

Ferrari, Maserati and Lamborghini on Tuesday suspended production after an earthquake killed at least 10 people in northern Italy where their factories are located. The three luxury sports car makers said their factories were not damaged in the quake but they had sent workers home. "All the workers and employees have been allowed to join their families" Ferrari said on its Twitter account.