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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.
Aston Martin V8 Vantage (2012) the Vantage S-inspired upgrade
Mon, 20 Feb 2012This is Aston Martin’s new V8 Vantage, with a new gearbox, styling tweaks and chassis upgrades. You might think it looks little different than before – and that’s no bad thing – but Aston Martin claims the updates amount to ‘most comprehensive programme of enhancements’ since the 4.7-litre version of the V8 Vantage was launched in 2008. The new Aston Martin V8 Vantage will be unveiled at the Geneva motor show in March 2012, just in time to distract potential customers away from the new Porsche 911. So what’s new about the new Aston Martin V8 Vantage?
Cadillac may get future rear-drive hybrids
Mon, 08 Feb 2010General Motors' two mode hybrid powertrain, used only in trucks, will migrate to rear-drive cars in the next generation, said Tom Stephens, GM's vice chairman of global product operations. Two likely candidates: Cadillacs, says consultant Jim Hall of 2953 Analytics in suburban Detroit. Last month, GM said it is developing an electric motor that is 25 percent smaller and 20 percent more powerful than the motor used in today's two mode hybrid full-sized trucks.