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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.

Has the McLaren P1 lapped the Nurburgring in a record 6 minutes 47 seconds?

Has the McLaren P1 lapped the Nurburgring in a record 6 minutes 47 seconds? We knew McLaren were back at the Nurburgring with the P1 in an attempt to make good on Ron Dennis’s promise that the P1 would lap the ‘Ring in under 7 minutes. It appears McLaren has already tried to set a sub-7 minute time with the P1 but could only manage 7:04s so, with the firts P1s now in customer hands – and full performance specs revealed – the final piece of the jigsaw (apart form a Top Gear lap record) is to set a great time at the Nurburgring.

BMW i3 gets four-star Euro NCAP safety rating

BMW’s i3 electric city car has scored a four-star Euro NCAP safety rating in the latest round of crash testing by the European car safety body. Although the i3 recorded strong results in the adult and child occupant protection categories, it missed out on a maximum five-star score due to weaker showings in the pedestrian protection and safety assist classes. On Bing: see pictures of the BMW i3Find out how much a used BMW costs on Auto Trader This is somewhat surprising as the BMW i3 features cutting edge technology in the city car sector, including a strong but lightweight carbonfibre body shell.