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Jaguar-Land Rover officially sold (2008)

By Ben Pulman Motor Industry 02 June 2008 15:37 Jaguar and Land Rover are now officially Indian-owned. The sale of the two iconic British brands was completed today, and ownership has now passed from Ford to Tata in exchange for $2.3bn in cash (£1.17bn). The sale means Jag/LR is debt-free, with none of the money used to fund the purchase being offset against the pair’s worth.

Beware valet parking insurance loophole

USING A VALET parking service could mean losing your car with no insurance cover. Drivers are being warned to check their insurance policies before handing over their car keys to valet parking attendants as more than half (51%) of the UK’s motor insurance policies do not cover this service. While valet parking companies provide insurance cover for their employees to drive your car, many insurance policies do not cover ‘damage to vehicle while in the control of valet parking staff.’ This means if your car is damaged or written off while it’s being parked or retrieved by valet parking staff, you could be left seriously out of pocket with no claim against the valet parking company.

Mini brand to get turbo three-cylinder engine

BMW confirmed the Mini brand will also get BMW's new, turbo three-cylinder engine in upcoming models to be named later as part of a new family of engines for both brands that also includes an all-new four-cylinder. The company won't say which future models get the new three-cylinder other than the already announced BMW i8 plug-in hybrid. It arrives in the spring of 2014.