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Volvo XC60 concept (2006): first official pictures
Thu, 14 Dec 2006By Tim Pollard First Official Pictures 14 December 2006 03:19 Volvo XC60: the lowdown Volvo is going X3 hunting. The new XC60 will be launched in 2009 as a small brother to the soaraway successful XC90 – and this concept car is the best clue yet to what it’ll look like. Like other crossovers, this 4x4 will eschew off-road work (those skid plates front and rear are just for show) and will instead offer comfy seating for five.
BMW i3 & i8 EV range won’t be extended any time soon
Thu, 30 Jan 2014The BMW i3 and i8 EVs won’t get a sibling any time soon BMW have ploughed a chunk of money in to the development of the BMW i3 electric city car and the BMW i8 supercar, but it seems that is going to be the extent of the BMW i range, for now at least. BMW’s head of production, Harald Krueger, has told Automotive News that there will be no further i models until BMW has a better idea of demand for their i cars. So far, the demand looks very positive for BMW, with over 11,000 i3 EVs sold already which has led to a six month waiting list for BMW buyers looking for an electric city runaround.
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.