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.

Autoweek Design Forum returns for 2012

Last year, Pixar gurus gave attendees an early preview of their hit summer blockbuster, Cars 2, five months before it premiered in theaters. Two years ago, Chrysler's Ralph Gilles brought down the house with an insightful, hilarious keynote on the state of styling. This year, well buckle up: The 2012 Autoweek Design Forum returns on Jan.

Zero tolerance to drink-driving urged

DRIVERS are being urged to pledge not to drink any alcohol before driving this summer as the police launches a new drink-driving campaign. The call comes from road safety charity Brake, which reports that the 2013 summer drink-driving campaign by the police breathalysed 100,892 drivers and 5170 failed the test. This summer’s football World Cup is a cause for concern for the police as drivers may be tempted to have an alcoholic drink while watching a football match before getting into their car.