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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.

Peugeot RCZ R UK price from £31,995

The new Peugeot RCZ R (pictured) will cost £31,995 in the UK The Peugeot RCZ is an appealing little sports coupe from Peugeot which, with a different badge and greater performance, might garner more kudos than it does. There’s little Peugeot can do about the badge, but they have done something about the power on offer with the arrival of the RCZ R at the Goodwood Festival of Speed this summer. Now, the Peugeot RCZ is about to go on sale in the UK – order books open on 18th November – and it will cost a not unreasonable £31,995.

China's BAIC interested in Fisker Atlantic model

A delegation from Beijing Automotive Group, or BAIC traveled to Fisker's facilities in California over the weekend, China Daily is reporting is reporting. BAIC has expressed interest in the Fisker Atlantic electric car, a vehicle that was at one point slated for production until Fisker ran into money problems back in March. Since that time, a number of Chinese automakers in addition to BAIC have shown interest in the technology.