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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.

New Lexus RC Coupe for 2013 Tokyo Motor Show

Could this be a late entry into our gallery of the scariest cars to see in your rear-view mirror? It’s called the Lexus RC Coupe, and it’s a brand new sporting three-door model from the Japanese luxury marque, headed for showrooms in 2014. Before then it will debut at the 2013 Tokyo Motor Show on 20 November.

Drivers of GM vehicles will be able to control car features via smartphone

Drivers of most 2011 General Motors Co. vehicles will be able to use a smartphone to carry out functions usually found on a key fob -- such as remote starting, activating the horn and lights, and remote locking and unlocking of doors. Chevrolet, Cadillac, Buick and GMC, working through OnStar, are developing brand-specific mobile applications than can be controlled on Apple's iPhone and phones using Google's Android operating system.