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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.

MP claims 3p for 100 metre car trip

FORMER DEFENCE secretary Liam Fox successfully claimed 3p of taxpayers' cash for a car journey of fewer than 100 metres, expenses documents show. The Conservative MP made the claim after travelling 0.06 miles, or approximately 96.5 metres, within his North Somerset constituency from a concrete firm to a constituency surgery in Yatton in October 2012. The Independent Parliamentary Standards Authority (Ipsa) notes the claim was paid last December.

Mercedes-Benz CLS63 AMG wagon revealed ahead of Paris motor show debut

Mercedes-Benz has followed the public debut of the standard CLS Shooting Brake wagon at the recent Goodwood Festival of Speed with the unveiling of a potent 518-hp AMG version. But like the CLS wagon, the CLS63 AMG wagon won't be coming to the United States. Set to reach European showrooms in October after a formal reveal at the Paris motor show, the CLS63 AMG Shooting Brake is powered by the same turbocharged 5.5-liter V8 gasoline engine as the CLS63 AMG sedan.