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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.

Volkswagen Tiguan

By Ben Whitworth Motor Shows 29 November 2006 09:42 Volkswagen Tiguan: the lowdown Volkswagen is going Freelander hunting with its new Golf-based Tiguan off-roader. Unveiled at the Los Angeles Motorshow this morning, Concept Tiguan gives a nine-tenths preview of what the production-ready Tiguan will look like when it arrives here in January 2008. It will initially arrive with a choice of front or all-wheel-drive, four engines – two petrol and two advanced ‘Clean TDI’ diesel units – and six-speed manual or DSG transmission.

GM, Ford and Chrysler sales advance on crossover, small-car demand

General Motors, Ford and Chrysler posted higher July sales, helped by demand for crossovers as well as small, fuel-efficient vehicles. GM said today its sales rose 8 percent last month from a year ago, with passenger car demand rising 8 percent and crossover sales increasing 20 percent. At Ford, sales rose 6 percent, with car demand advancing 3 percent and light truck sales up 12 percent.