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Daihatsu Sonica

Daihatsu launched the Sonica yesterday, a small hatchback for Japan. Designed in Osaka, the Daihatsu Sonica furthers the goal of parent company Toyota Motor Corporation to make the brand synonymous with small affordable cars. Distinguished by a long wheelbase and short overhangs, the one-box Sonica should live up to its description of having a 'spacious and comfortable' interior.

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.

BMW recalls 32,000 vehicles for fire risk

BMW is recalling about 32,000 cars and crossovers because the circuit board for the electric auxiliary water pump can overheat. The recall covers the 5-series sedan and Gran Turismo, the 7-series, the X5 and the X6 from the 2008 to 2011 model years equipped with V8 or V12 engines. Two engine fires have resulted from 102 failures, according to BMW.