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MG Design Centre opens in UK

The opening of MG's new design center this week at the historic production site of Longbridge, Birmingham, England was both an incredible and credible occasion. Incredible, because the brand looked dead in the water after the debacle of MG Rover's collapse in 2005 and even after various Chinese takeovers, its UK operation seemed destined to play no more than a tokenistic bit part. And thankfully credible too, because now all of MG's global design will genuinely be led from this new facility in the epicentre of England's traditional motoring heartland.

UK to get dedicated Sky Sports Formula 1 Channel in 2012

Sky Sports F1 HD - a dedicated F1 Channel for the UK News Corporation has revealed that the UK will get a new dedicated Sky Sports Channel just for Formula 1 (F1) starting March 2012. It’s not exactly a huge surprise that Sky Sports is launching a new F1 Channel in 2012, perfectly timed to coincide with Sky’s takeover of Formula 1 Coverage from the BBC. The F1 HD Channel (as far as we know it will only be on HD – another reason to upgrade to Sky HD if you haven’t yet) intends churning out F1 content 365 days a year.

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.