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Weather still causing commuter chaos
Mon, 30 Dec 2013COMMUTERS had a miserable return to work today as bad weather continued to cause havoc to road travel. A number of major road routes were affected by flooding or by fallen trees, while one lane was closed on the M48 Severn Bridge due to strong winds and a section of the M77 in Glasgow was closed because of flooding. A landslip at Hawick on the Scottish Borders led to hold-ups on the A7, while a section of the A36 in Hampshire was closed due to a fallen tree and fallen power cables.
2010 Audi Hybrid Q5 coming to the U.S.
Sun, 11 Jan 2009Audi will offer a hybrid version of its Q5 crossover in the United States starting in late 2010, says Wolfgang Hatz, head of powertrain development for the Volkswagen group. In an interview Sunday at the Detroit Auto Show , Hatz said Audi must offer a hybrid model to compete with rival vehicles that already offer the technology, such as the Lexus RX 400H. The BMW X6 will be offered as a hybrid late this year, and Mercedes plans to roll out a hybrid in each of its major models starting with the S400 hybrid this year.
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.