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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.

Nissan e-NV200 electric van gets a headline starting price of £13,393

The Nissan e-NV200 electric van (pictured) – the start of an EV revolution for commercial vehicles? We’ve always been reluctant to see the electric car as a proper replacement for an ICE car, but an electric van for commercial deliveries in a reasonably confined area is a different animal altogether. So the arrival of the Nissan e-NV200 electric van is a big deal and could revolutionise how deliveries are made in our towns and cities, usefully shifting not just CO2, but NoX and particulates off to where the electricity is generated and making much less noise too.

Porsche Panamera hits the heights in Shanghai

A Porsche Panamera on its way to the 94th floor of the World Financial Centre in Shanghai [ad#ad-1] The stories of car makers doing daft things with cars to garner a bit of publicity have been rarer of late. Which, considering the sombre mood of car makers and the car buying public in recent months, is no real surprise. Even Motor Shows have been relatively sombre affairs (the Detroit Motor Show was particularly muted in 2009), but China is still booming, and the Shanghai Motor Show has been pretty much an old fashioned, glitzy affair.