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Jaguar Land Rover raise £500 million to fund expansion
Fri, 23 Mar 2012Jaguar 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.
Abarth 695 Maserati Edition costs £32,000
Mon, 21 May 2012Abarth 695 Maserati Edition costs £32,000 The Abarth 695 Maserati Edition – a.k.a. Edizione Maserati – will cost £32,000 when it arrives in the UK at the end of 2012. Having churned out a tribute to Ferrari with the Abarth 695 Tributo Ferrari, Fiat (we should say Abarth, to be technically correct) revealed the Abarth 695 Tributo Maserati at the Geneva Motor Show in March to bring in a few bob more from those happy to pay through the nose for a titivated Fiat 500.
Brian Wilson on the Beach Boys' car songs
Mon, 11 May 2009Brian Wilson, the musical giant behind so much of the Beach Boys great music, sang at the Petersen gala in Los Angeles last week, and there were plenty of songs about cars and drag racing in the mix. "We're going to do a series of car songs because this place has a lot of cars," Wilson announced before leading his 10-piece band into "Little Deuce Coupe," "409," "All Summer Long" and "Shut Down." The band played to a packed house at the museum's annual fundraiser. Wilson's set was surely the most entertaining in the Petersen's 15 years of fundraising galas.