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Toyota to unveil 2013 Avalon in New York

Toyota is set to debut an all-new US-designed sedan at the 2012 New York International Auto Show next month The teaser sketch, which only shows the new car's rear, suggests a departure from the rather bland, conservative design of the current model. The outgoing Avalon very much a traditional three-box design, whereas the teaser image suggests the new model may feature a fastback roofline in the mold of the Audi A7 and Mercedes-Benz CLS. A 'four-door coupe' if oxymorons are your thing.

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.

Nissan X-Trail N-TEC+ launched

Nissan has launched a new X-Trail model – the X-Trail N-Tec+ – with ‘Sporty’ looks and extra gadgets. Last year we got the Nissan X-Trail Platinum Edition with all the options ticked and a price of almost £30k, and now we get the sporty version – the Nissan X-Trail N-Tec+ – with more gadgets and extra kit at £27,790. Nissan are trumpeting the X-Trail N-Tec+ as the ‘Sporty’ X-Trail (if that’s not an oxymoron) and pitching it between the Acenta and Tekna versions.