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Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.

Nissan says the Leaf electric car will snag Toyota Prius owners

Owners of Toyota Motor Corp.'s fuel-efficient Prius hybrid will succumb to the charms of the Nissan Leaf electric sedan, predicts Nissan Division Vice President Al Castignetti. More than half of the 130,000 hand-raisers who have expressed an interest in the Leaf so far have been Prius owners, he said. "That's a pretty significant signal to us," Castignetti said last week as Nissan North America Inc.

Middlecott Sketchbattle Experiment crowns first Sketchmaster

College for Creative Studies (CCS) student Graham Wright has fought off competition from artists, illustrators, industrial, product and car designers to be declared the Sketchmaster of the Middlecott Sketchbattle Experiment 2014. Held at Detroit's Kunsthalle Museum of Contemporary Art, the contest – a self-styled fight club of design – carried the theme of lighting because of the museum's many neon and lighting installations. Before the event, design students from the area – mostly from the CCS and Lawrence Technological University (LTU) – were invited to submit early sketches before a shortlist was drawn up for the main event.