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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.

Car Design Awards China 2015 competition now open

请点击这里阅读中文版 The Car Design Awards China 2015 competition is now open. Design students in China are invited to respond to one of the challenging briefs set by carmakers including GAC, Volvo, VW, Qoros, JAC and Geely. This is the sixth time the annual design competition has been held, and students have until 2 January 2015 to submit their work.

Chrysler launches Autorama High School Design Competition for Michigan students

Michigan high school students with dreams of being a car designer have the chance to win themselves prizes and courses at the College of Creative Studies with the launch of a new competition from Chrysler. The Autorama High School Design Competition 2014, which is open to high school students currently attending a Michigan public school, asks entrants to ‘design a vehicle that satisfies the needs of young consumers while remaining eco-friendly'. Students are recommended to draw inspiration from any of the Chrysler Group brands: Chrysler, Dodge, Jeep, Ram Truck, Fiat or SRT (Street and Racing Technology).