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Jaguar Land Rover to spend additional £250 million a year with UK suppliers

JLR to spend and extra £1 billion with UK suppliers The Range Rover Evoque phenomenon continues with Jaguar Land Rover announcing an extra £250 million additional annual spend with UK suppliers. Just last week we had the news that Land Rover’s Freelander 2 had hit sales of 300,000 since its launch in 2007, but if the Range Rover Evoque continues selling the way it has that figure will be eclipsed in half the time by the Evoque. And it’s sales of the Evoque – Land Rover has sold 60,000 Evoques in the first seven months on sale – that’s driving the need to spend more with suppliers and the announcement today that UK suppliers can look forward to an extra £250 million a year being spent to support the Evoque’s production at Halewood.

Porsche 918 RSR Debut +video

The Porsche 918 RSR – the Hybrid Racing Lab We thought that Porsche’s something special was likely to be a Porsche 918 Spyder Coupe for the track, especially after this morning’s tease. And it is. The Porsche 918 RSR takes the 918 Spyder from Geneva last year and crosses it with 911 GT3 R Hybrid to create the next stage of Porsche’s hybrid journey.

Petrol price hits three-year low

THE PRICE OF FUEL at the pumps has fallen to a three-year low, according to AA figures. As of yesterday, the UK average petrol price was 129.12p a litre - the lowest since February 23 2011 - while the average diesel price was 133.55p a litre, the lowest since February 6 2011. AA public affairs head Paul Watters said: "Asda triggered something of a supermarket price war on Tuesday, which was enough to send average UK pump prices to their lowest for more than three years.