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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.

Jeep Wrangler Arctic and Liberty Arctic arrive in time for winter

First the Sahara, now the Arctic: Later this month, two new Jeep special editions will appear in dealerships--the Wrangler Arctic and the Liberty Arctic, inspired by the extreme conditions they're reportedly designed to attack. The Jeep Wrangler Arctic two-door, based ironically on the Sahara model, is available in winter-themed colors such as Winter Chill (a light blue), Bright Silver and Bright White. A four-door Wrangler Unlimited Arctic version also is available.

College for Creative Studies - GM Autonomy 2020 project

Final year Transportation Design students at Detroit's College for Creative Studies have presented the results of a GM-sponsored project, to design a GM vehicle for the year 2020. The proposals were to be based on the skateboard-shaped chassis of the Autonomy fuel cell concept shown at the 2002 Detroit Auto Show. This was one of several manufacturer-sponsored projects that were presented in the lead-up to the annual CCS Student Exhibition, which opens this Friday May 14.