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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.

Honda cuts UK production by 50 per cent

Honda (UK) cuts production Japan is slowly recovering from the earthquake and tsunami that hit on 11th March. Or at least its production is. Honda has revealed that it expects its Japanese plants to resume production of 11th April – just one month after the disaster – but initially that will be at just 50% capacity due to a shaky parts supply line.

Four Decades Of Speedy Skodas Celebrated

CZECH car maker Skoda is celebrating 40 years of performance motoring. The Skoda RS story began in 1974 with the Skoda 180 RS and 200 RS racing cars. The legendary Skoda 130 RS in the 1970s and 1980s was one of the most successful sports cars of its time.