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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.

Coventry University design graduates develop iconic youth car

Three graduates from the Coventry University MA Automotive Design course have created an iconic vehicle for the year 2020. Kazunori Inomota, Edward Stubbs and Mujammil Khan-Muztar designed the Rebel concept, a project that began in March this year, to incorporate aspects of Japanese 'Harajuku' gangs - where teenagers create their own fashion to deliberately try to stand out from their peers - and Toyota's youth-oriented Scion brand. Drawing styling cues from the Scion xB and the Ford SYNus concept unveiled at the 2005 NAIAS in Detroit, the Rebel concept is about social interaction, functionality, and the relationship buyers have with personalized products.

Dodge Charger Pursuit to pace this weekend's Phoenix NASCAR races

Dodge isn't wasting any time after seeing Monday night's wrecks at the Daytona 500. This weekend, we'll see some police cruisers on the track. The 2012 Dodge Charger Pursuit will pace the March 3-4 NASCAR races in Phoenix.