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Hamilton heads Goodwood line-up

By Ben Oliver Motor Shows 09 April 2008 10:47 Lewis Hamilton, at least seven Formula One teams and a long list of dramatic new road cars will headline the 2008 Goodwood Festival of Speed.The theme for this year’s event is ‘Hawthorne to Hamilton – Britain’s Love Affair with World Motor Sport’ and celebrates the fiftieth anniversary of Mike Hawthorn becoming Britain’s first F1 champion.Touring cars, rally cars, you name it...Other major anniversaries being marked include 50 years of British Touring cars. Organiser Lord March promises the most complete collection of BTCC cars yet assembled, from the Minis and vast Ford Galaxies of the sixties, through the Capris of the Seventies and Cosworths of the Eighties to the saloons of the formula’s Nineties heyday.The Ford and Subaru world rally teams are confirmed, and modern sports car racing will be represented by the Le Mans-winning Audi R10 diesel and GT1 class-winning Aston Martin DBR9 in Gulf colours.

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.

Volvo S60 sedan shown at the Detroit auto show

Showing a new direction inspired by Scandinavian design, Volvo displayed a concept vehicle at the Detroit Auto Show that previews the new S60 sedan, due in 18 months. The car has a new face--with angled headlamps, a coupe roofline and no B-pillar--and an interior with the "environment of a modern Scandinavian living room," said Steve Mattin, Volvo senior vice president of design. The car's more emotional look is part of a longer-term strategy to give Volvo a more exciting image in the United States through changes in product design and marketing, said Stephen Odell, CEO of Volvo Car Corp.