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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.

Mercedes Biome (2010) first official pictures

Now, what on earth, or for that matter not from earth have we got here? It's the Mercedes Biome concept supercar. It's a product of Merc's Los Angeles design studio, and they prefer to describe it as an 'Ultralight vehicle at one with nature.' The Biome was produced as part of the Los Angeles Design Challenge, taking part alongside the 2010 LA auto show.

Seat IBE (2010) at Geneva motor show

By Tim Pollard First Official Pictures 02 March 2010 08:43 Seat's new IBE concept car provided the thrills on the Spanish firm's stand at the 2010 Geneva motor show. Although more about the tech than the design, the IBE does drop a few clues to the next Leon family.It's based on the running gear of the new Leon and packs a 75kW electric engine capable of daily use around town thanks to lithium ion batteries with 18kWh capacity. The IBE is a classic 2+2 shooting brake design and is teeny tiny; at 3780mm long, it's 10 inches shorter than an Ibiza supermini.Seat IBE concept car: the electrical gubbins The IBE packs an electric motor under bonnet driving the front wheels and fed by rear-mounted batteries.