Wilcox Crittenden W/c 2" Bronze Seacock on 2040-parts.com

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.

2012 BMW X1 Facelift at New York Show

2012 BMW X1 Facelift The still quite new BMW X1 is getting a minor facelift for 2012 and will debut at the New York Auto Show. It’s really only a couple of years since the debut of the BMW X1, but BMW are already giving it a tweak and a titivate in a 2012 facelift designed, it would seem, to make the compact SUV seem a bit more upmarket; more in line with the rest of the BMW range. Revealed ahead of a debut at the New York Auto Show this month – after which it goes on sale in the US from $31.5k – the latest version of the X1 gets a new front bumper and grill with silver bars, deeper recessed fogs and silver detailing in the lower bumper to give the nose of the X1 more identity and make it a but more urban-warrior trendy.

New Land Rover Discovery Sport final development testing

The new Land Rover Discovery Sport testing ahead of launch With the new Land Rover Discovery Sport expected to debut at the Paris Motor Show in October – and be on sale in early 2015 – Land Rover are busy testing it through its final development stage. That’s meant some pretty rigorous shakedowns going on, with a total of 181 prototype Discovery Sports covering 750,000 miles and completing 11,000 test at locations around the world, from extremes of hot and cold to all points in between. But instead of just giving us the test numbers, some new photos (above) and new video (below) of the new Disco Sport, Land Rover are taking the opportunity to big up their partnership with Virgin Galactic and the similarities in the two company’s aims and objectives with their projects.