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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.

Cunningham Corvette pulled from Carlisle show

Less than 24 hours after the long-lost No. 1 Briggs Cunningham Chevrolet Corvette received a public viewing, the car has gone back into hiding. The car was set for a public showing Friday afternoon during the Corvettes at Carlisle show in Carlisle, Pa.

GM looks to drop some weight with magnesium

Like many Americans, carmakers are on a continuing quest to lose weight. Less weight, which equals better fuel economy without a loss in performance, is a key selling point in dealerships. Weight loss is a key factor for two upcoming launches from General Motors--the redesigned full-size pickups and SUVs, and the redesigned 2014 Chevrolet Corvette.