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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.

Renault-Nissan and Mitsubishi to join forces

MITSUBISHI and the existing Renault-Nissan alliance are set to work together on a series of new cars. Discussions aren’t finished but as part of the deal Mitsubishi will get hold of a Renault chassis large enough to use as a base a full-size saloon for the North American market. The firms will also further develop an electric version of a Japan-only ‘kei car’.

Koenigsegg Hundra: One-off Koenigsegg Agera S – first details & pictures

The 100th Koenigsegg – the Koenigsegg Hundra, based on the Agera S – is heading for a debut at the 2013 Geneva Motor Show. The Koenigsegg Hundra (hundra means 100th in Swedish) is a right hand drive Agera S in clear carbon with 24 carat gold leaf inlays – Artisan applied, of course – creating what Koenigsegg are calling “…an intriguing mix of traditional and hi-tech craftsmanship”. We’re assuming that the Koenigsegg Hundra is heading for Hong Kong because Koenigsegg has based it on the Agera S – which can produce the 1030 horses of the Agera R but without needing to use biofuel – and it’s right hand drive.