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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.

Skoda Yeti and Superb join Skoda’s eco range

Skoda has added eco-variants of the Yeti and Superb during the launch of its second-generation ‘GreenLine’ range at the 2010 Paris Motor Show. The badge now covers the entire Skoda range, employing just two direct-injection, common-rail turbo diesel four-pots across all eight models, both of which are used in VW’s BlueMotion cars. It’s the 75bhp 1.2-litre engine for the Fabia and Roomster, while the Octavia, Yeti and Superb get the 105bhp 1.6-litre unit.

Honda set to debut S660 roadster concept at Tokyo motor show

Honda will take the wraps off the S660 roadster concept at the upcoming Tokyo motor show at the end of November of this year. Honda fans have admittedly been shortchanged when it comes to the roadster bodystyle from the Japanese automaker, with the S2000 having left production back in 2009. Honda could remedy this gap in its lineup with a production version of the S660 roadster.