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Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.

New VW Beetle gets new engines

Volkswagen has finally made the new VW Beetle available with the 2.0 litre TSI petrol and 2.0 litre turbodiesel engines. When we reported the other day that the new VW Beetle Convertible was arriving at the Los Angeles Auto Show in November we did say that VW were about to announce the arrival, finally, of the 2.0 litre TSI petrol and 2.0 litre TDI diesel for the Beetle to make it a bit more appealing. It seems VW must have been listening as they’ve now announced that you can grab a new Beetle with either the more powerful petrol or the diesel engine, which should help sales of the new Beetle.

Aston Martin Virage

Aston Martin is set to revive the defunct Virage moniker at Geneva. The new Virage is not touted as a replacement for the DB9, but a new model that will sit between the DB9 and range-topping DBS. The Virage sports clear Aston Martin DNA, looking decidedly like the two models it slides between.