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Mitsubishi takes its Evo X racing

By Ben Whitworth First Official Pictures 16 September 2008 13:22 Mitsubishi is taking its Evo X racing. Working with ADR Motorsport - the team that already builds and runs the two-works Mitsubishis currently competing in the British Rally Championship – Mitsubishi will enter a race-prepped Evolution X into the Britcar Championship.Driven by BTCC regular James Kaye, the Mitsubishi works entry will wear the official red and chrome Ralliart livery and make its public debut at this weekend’s Britcar 24-hour race 'It is anticipated that the engine will develop around 400bhp which, together with the Evo’s four-wheel-drive system and inherently good chassis, should make it a highly-competitive package,' said Kaye. If all goes well, Kaye will contest a full season in the 2009 Britcar Championship series.

Chevrolet Volt chief leaves GM

A key driver of the Chevrolet Volt project is defecting to start his own consulting firm, according to published reports. Volt chief Bob Kruse, 50, has left General Motors. He's been replaced by GM engineering veteran Micky Bly, who has also been involved with development of the Volt.

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.