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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.

Next-gen Nissan Versa coming to U.S.

The next-generation Nissan Versa will be sold in the United States, the company announced on Monday morning. A sketch released shows a more sculpted and lined compact than the current car. Nissan sold 7,021 Versas in September in the United States, an increase of 47 percent over the same period in 2009.

AW Design Forum: Ralph Gilles talks technology - with style

Chrysler Group is known for its rough and tough trucks and menacing muscle cars, but its design boss said technology is going to be the game-changer for car designers going forward. Ralph Gilles, who is also CEO of the Dodge brand, said cars must be able to adapt to evolving technologies while remaining striking and pleasing to the eye. Smartphones, touch screens and colorful interfaces are all becoming common inside cars.