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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.

Bentley 6¾ litre V8 to end production – Diesels & Hybrid on the way

Bentley’s outgoing boss has revealed Bentley are planning to drop their trademark 6¾ litre V8 and introduce hybrid and diesel options. Bentley’s famed 6¾ litre V8 engine – in production since 1959, although it didn’t grow to 6¾ litre until 1970 - is as much a USP for Bentley as the badge and the history. BMW tried to bring production of the old iron lump to an end in 1998 – replacing it with a characterless BMW 4.4 litre V8 – but it was back a year later when VW took over as the motivation for the Red Label Arnage – and it’s stayed ever since.

Cadillac Escalade (2013) first official pictures

By Ollie Kew First Official Pictures 08 October 2013 16:00 Struggling to cast the perfect vehicle for your new rap video? Been holding out for a new car to collect protection money in? Wait no longer: the quintessential American blingmobile is back – the all-new Cadillac Escalade.