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Can Horn get US Volkswagen sales back on track?

Volkswagen AG's German executives readily admit they are a bit baffled by America, where, despite decades of exertion, Volkswagen's namesake VW brand still doesn't rank as a marquee marque. So why would the automaker choose a German native and Wolfsburg veteran, Michael Horn, as the new CEO of Volkswagen Group of America, to succeed Jonathan Browning, 54, who is leaving at the end of the year? To VW insiders and U.S.

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.

New Range Rover Sport hits a BCA Auction for the first time

The New Range Rover Sport crosses the auction block for the first time Where do Land Rover dealers get their best used cars from? A closed Land Rover sale run by BCA for dealers where there’s the pick of used Land Rover and Range Rover models to choose from, that’s where. And at this week’s closed Land Rover auction at BCA in Nottingham the first examples of the new Range Rover Sport where on offer, and fetched strong prices.