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Jaguar Land Rover sorts its finance
Tue, 11 Aug 2009Tata has secured £175 million private funding for Jaguar Land Rover But it is now being reported that JLR has managed to secure £175 million in private funding, obviating the need to succumb to Government interference in its business. Which has got to be good news for the JLR workforce – at least for now. Jaguar and Land Rover are very much on the up.
Toyota proposing $1.1 billion unintended acceleration settlement in US
Thu, 27 Dec 2012Toyota are setting aside an additional $1.1 billion to settle claims in the US of unintended acceleration in their cars. In the ongoing saga of unintended acceleration in the US caused by floor mats, Toyota has revealed it is to set aside an additional $1.1 billion to settle claims and fit new equipment to cars affected by the floor mat problem. Toyota are going to install a brake override system in 3.25 million vehicles, set aside $250 million to compensate owners who have already sold their cars, another $250 million for affected owners whose cars can’t get the brake override system, throw in a care plan for parts related to unintended acceleration and throw $30 million at research in to car safety.
Citroen C4 Picasso (2006): first official pictures
Wed, 02 Aug 2006By Angus Fitton First Official Pictures 02 August 2006 07:23 The lowdown This is the sensible new Citroen C4 Picasso, light years away from today's egg-on-wheels original. It's sensible because it's been designed from the inside out, with huge emphasis on a spacious cabin, good visibility and huge practicality. Naturally it grows to accommodate seven seats to keep up with the Zafira et al.