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Britain leads bumper year for Ferrari

FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.

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.

UK sales slide continues: 'worst market for 17 years'

By Tim Pollard Motor Industry 06 October 2008 12:22 Britain's new car market is in deep trouble, official sales figures today confirm. September is historically one of the two biggest registration months of the year, as buyers rush to snap up the autumn's new number plate – yet sales were down by a fifth last month. The Society of Motor Manufacturers and Traders, which collates sales data from dealers, called it 'stormy September', as new-car registrations plummeted by 21 percent from last year's figure to 330,295.