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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.

GM announces pricing for 2014 pickups

The redesigned 2014 Chevrolet Silverado and GMC Sierra pickups go on sale this spring with V8 engines that General Motors claims will get slightly better fuel economy than the rival Ford F-150 equipped with a turbocharged V6. Chevrolet is holding the base sticker price on the 2014 Silverados to the same as that of the 2013 models. This means a rear-drive 2014 Silverado with the base V6 engine will sticker at $24,585, although that model won't be in dealerships until this summer.

Motorist Still At Wheel With Record Points Tally

THE Institute of Advanced Motorists (IAM) has discovered a motorist has accrued a record 45 penalty points on his driving licence in a nine-month period and is still on the road. Obtaining the figures from the Driver and Vehicle Licensing Agency (DVLA) following a Freedom of Information Act request, the IAM has uncovered the worrying tale of a driver from Liverpool who racked up the points tally for eight offences of either failing to disclose the identity of the driver or for speeding between October 1 2012 and June 20 2013. His total exceeded the previous still-driving record of 42 points.