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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.

New July 2009 issue of CAR Magazine

By Tim Pollard Motor Industry 20 May 2009 12:15 CAR Magazine's new July 2009 issue of CAR Magazine is now on sale. This magazine has a Nurburgring slant to it, as we end the pub argument once and for all: which is faster around the 'Ring, the Porsche 911 or Nissan GT-R? Plus we drive all the month's key debutants and bag a handful of exclusive stories you won't read anywhere else.

Lotus Elise Club Racer Launched

The Lotus Elise Club Racer Lotus may have plans to be the next Aston Martin, but for now it’s stuck with an Evora that’s not selling as well as it should and an Elise that is basically the same as the car that launched a decade ago. The plan with the Evora – apart from the rather odd move of getting Mansory to tart up an Evora – is to get the Germans in to give the Evora’s interior some class. As for the Lotus Elise, all there really is to do – because it has a hard-core clientele anyway – is to divvy up the odd special.