Crown Automotive 5358568h Brake Hub 78-81 Cj5 Cj7 Scrambler on 2040-parts.com

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.

BMW Gran Lusso design explained in Pininfarina video

The two-door BMW Gran Lusso took center stage at the 2013 Villa d'Este Concourso d'Eleganza in Italy last weekend. The Pininfarina-designed, V12-equipped coupe could herald the return of the company's mighty 8-series Bimmers that rolled the streets in the 1990s. Pininfarina posted two videos of the BMW Gran Lusso on its YouTube channel on Wednesday.

AC Schnitzer upgrades the Mini Cooper coupe

The Mini Cooper coupe is still fresh--it hasn't been out for more than a year. Now, German tuner AC Schnitzer has taken it into the shop for some upgrades. The company is working on performance upgrades for both the diesel- and gasoline-powered cars, starting with a front limited-slip differential.