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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.

Peugeot Exalt concept (2014) updated for Paris motor show

By CJ Hubbard First Official Pictures 05 September 2014 16:47 Peugeot has updated its Exalt concept car for the 2014 Paris motor show. Compared to the version that appeared at the Beijing motor show in April, the revised Peugeot Exalt features a new colour scheme, new materials – and an electric scooter in the boot. To recap, the Exalt is a large saloon that follows on from the Onyx concept of 2012.

The Viper Lives!

The Dodge Viper has been saved by Fiat and will continue in production. The real problems for GM and Chrysler were their appalling high-volume cars, stuck at least a decade behind Europe in both styling and efficiency, they were an accident waiting to happen. And the meltdown in car sales worldwide, coupled with the jump in gas prices in the US (which has now gone), signalled the end of the old ways.