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Jaguar Land Rover – Clever Finance Deal
Mon, 16 Nov 2009JLR 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.
Porsche to add 1,000 employees
Mon, 14 Feb 2011To keep pace with its planned model expansion and sales targets, Porsche AG will add more than 1,000 employees by 2015, Automotive News Europe has learned from Volkswagen Group sources. About 500 jobs will be added for production of Porsche's new compact SUV, codenamed the Cajun, which will go on sale in 2013 in Europe and in North America about six months later. Porsche's supervisory board will make a decision on the production location of the Cajun in mid-March.
Bentley SUV looks a lot like...a Bentley
Wed, 19 Mar 2014Bentley has released a teaser image of its upcoming SUV, which the automaker is promising will go on sale in 2016. The on-again off-again Bentley SUV has been on the company's short list of possible vehicles since the SUV boom years, a full decade ago, but it has consistently been pushed further back in the pipeline. Bentley is promising that the new model will be the most luxurious and powerful SUV on the market.
