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Now even Audi slows production

We’ve written endlessly about the slow down in car production worldwide. All the top end manufacturers have made savage cuts in jobs and production. But there seemed to be one company bucking the trend – Audi.

Nissan previews its MAD Qazana Concept

Hard to know what to say! The Qazana is a huge deal for Nissan. And relatively speaking, an even bigger deal for the workforce in Sunderland.

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.