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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.

Brief 4 – GMC: CDN–GM Interactive Design Competition

Once again, Car Design News and General Motors are holding an Interactive Design Competition.There are five design briefs to choose from, each set by GM's design teams, and you're invited to submit your entry on the competition website: http://www.cardesigncontest.com/ The fourth of our briefs comes from GMC, GM's truck-and-utility-only brand, and asks you to design of the interior or exterior of a GMC show car to be revealed at the 2030 North American International Auto Show. Your design should focus on a future interpretation of GMC's ‘industrial sculpture' design philosophy. You'll need to bear in mind who the customer for this truck or utility vehicle is, and consider what is the purpose and application of the vehicle.

Lexus hybrid concept to bow at Frankfurt

Lexus is finally jumping into the premium-compact segment in Europe with an eye-catching hybrid concept that will bow at the Frankfurt motor show. The LF-Ch is a five-door full hybrid that takes aim at a younger audience than Lexus typically draws. The car has a prominent grille, wide bumper and air dam.