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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.

Audi Sketches Out Plans For Its New Tt

WITH the launch of its new model just around the corner, Audi has released design sketches as a teaser for its forthcoming third generation TT. The sports coupe has proven to be a popular model for the German firm, and next month will see the unveiling of the latest version at the influential Geneva Motor Show. Although technical details are currently scarce, it’s clear to see that the car’s design is more of an evolutionary step from the current model.

Chrysler offers to double cash-for-guzzlers incentive on most '09 models

The Chrysler Group is offering consumers $4,500 on most of its 2009 models, doubling the cash-for-guzzlers incentive offered by the federal government. "Double Ca$h for Your Old Car," offers up to $4,500 cash or 0 percent financing for 72 months on qualifying new vehicles, even if the consumer's trade-in doesn't qualify for the federal incentive. The program starts Thursday, July 23, and runs through August, Chrysler announced Wednesday.