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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.

Race of Champions 2008

By Ben Whitworth Motor Shows 11 November 2008 11:22 The KTM X-Bow has been signed up to star in the 2008 Race of Champions. The minimalist trackday special will be one of a number of cars in which competitors will lock horns at the annual motorsport extravaganza at Wembley Stadium on 13-14 December. The X-Bow open cockpit will, according to RoC organisers Fredrik Johnsson and ex-rally ace Michele Mouton, allow spectators at the adrenalin-fuelled two-day event to see the world’s greatest drivers from Formula 1, World Rallying, World Touring Cars and the Le Mans 24 Hours in full-blooded action.

Seat IBL concept

Seat has unveiled its new IBL saloon and sports coupe crossover concept car, announcing that it is the next evolution of its design DNA. While the exterior of the IBL is understated, much emphasis has been placed on the design of the interior. Technology within the car displays information in three programs – ‘Travel' for relaxed driving, ‘Sport' for concentrated driving or ‘Efficiency' for focused fuel-efficiency of the plug-in hybrid drive.