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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.

Car Design of the Year 2010

Today is the last day to cast your vote for your favorite car designs from 2010. Your votes will decide which design teams will be presented an award by Car Design News at the Geneva motor show in March, with prizes being given to the best vehicle in the concept and production car categories. The polls officially close Friday 11 February, so make your vote count!

New Lotus Elan revealed

The new Lotus Elan I know, you’re starting to get bored and wondering how on earth Lotus can suddenly churn out a range of models that are seemingly poles apart from where they are, and expect it to be credible. But they’be done it. And they’re serious.