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Ford performance-vehicles boss jumps to Volkswagen position

Jost Capito, Ford's global performance-vehicles and motorsports chief, is jumping to Volkswagen to run the German automaker's motorsports operations. Ford is in the process of launching high-performance versions of some of its newest cars, including the Focus ST. The company also has a version of the Fiesta ST as a concept.

Audi TT Sportback concept – it’s a 5-door TT: Paris 2014

Audi TT Sportback concept – it’s a 5-door TT Audi has long been the master of the niche, so it’s no real surprise they’re looking for ways to ‘extend’ the Audi TT in to a series of new niche models. The latest take is this, the Audi TT Sportback concept, which has arrived at the Paris Motor Show as a big brother to the TT Coupe, with an extra pair of doors and an extra 290mm in length. Audi has also played with the look of the TT Sportback, with a new hexagonal grill, new headlights and a new bumper up front and the new tail lights and smaller back window give the TT Sportback an individual look (well, as individual as an Audi ever gets).

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.