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Jaguar Land Rover – Clever Finance Deal
Mon, 16 Nov 2009JLR 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.
IDSA's 3D-printed car design contest gets underway
Thu, 25 Jul 2013Aspiring designers have the chance to see their 3D-printed car designs launched down a miniature model of a ski jump and crash in the Launch Day 2013 competition due to take place at the 2013 IDSA conference, which runs from 21-24 August. Up to five designs can be entered for free until 12 August in the competition, organized by The Industrial Designers Society of America. All submissions will then be judged for both aesthetics and for "using unique attributes of 3D printing" which will whittle them down to just 10 designs that will be printed before the launch.
Online database 'may cut car insurance premiums'
Fri, 10 Jan 2014MOTORISTS could see insurance premiums cut by up to £15 a year after the Government announced that all driving licence records are being put online. The searchable database for individuals and companies to check speeding endorsements and other details could also bring down the cost of car hire. The My Licence project is the latest part of the coalition's digital agenda, which has been gradually moving services on to the internet.