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Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.

Koenigsegg to celebrate 100th car with special model

Koenigsegg, Swedish makers of stunning supercars, are planning a very special model to celebrate their 100th car. Christian Von Koenigsegg founded his eponymous supercar company back in 1994, but it took until 2002 for the first customer car to be delivered. That first car was the Koenigsegg CC8 (a development of Christian’s original CC prototype) which featured bespoke everything – from chassis to suspension and brakes – but utilised a Ford 4.7 litre V8.

Audi Urban Future Awards

Audi has challenged six international architects to present their vision for a future urban landscape that will explore the interplay between mobility, architecture and the city. The winner of the Audi Urban Future Awards will receive a €100,000 prize to be presented at the Venice Biennale in August. Phase one has been completed, with the contestants presenting their hypothesis for the city of the future at the Royal Institute of British Architects in London in May.