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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.

Saab go back for another Chinese

Saab are saved (?) by Pang Da Auto There can’t be many companies in China who haven’t had Victor Muller banging on their door armed with a chunk of Saab stock in exchange for a hat full of Chinese currency. A couple of weeks ago we had the news that Saab had signed a deal with Chinese car Maker Hawtai for €120 million in exchange for a big chunk of Saab stock and lots of ‘joint’ venture. But that fell apart last week even before Victor Muller could get to consummate the marriage.

2013 Ford Fiesta ST debuts at Geneva

2013 Ford Fiesta ST The 2013 Ford Fiesta ST arrives at Geneva in production guise – after a Fiesta ST Concept last year – and will go on sale early 2013. It looks like Ford has finally managed to fit the new 1.6 litre Ecoboost under the bonnet of the new Fiesta ST (all the cars running around so far have had the lump out of the Zetec S) and has pitched up at Geneva with the production version of the 2013 ST. That 1.6 litre Ecoboost engine is a four-cylinder petrol with 178bhp and 177lb/ft of torque, which gives a sub-7 second 0-62mph and a top speed of 136mph.