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Motorcycle makers revved for rebound

Bikes are back. After being hit a lot harder by the recession than carmakers, the motorcycle industry, more susceptible to the whims of discretionary spending, is on its way back. “Unit sales are growing for the first time in several years,” said Danny Phillips, executive vice president of Advanstar, the parent company of Progressive International, which put on last weekend's motorcycle show at the Long Beach Convention Center.

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.

New cars will now NOT be getting any bigger!

A Vauxhall executive has made a bold statement – from now on, cars are not going to get any bigger. General vehicle dimensions across each sector of car are roughly now set to be fixed. “You can put a pin in a chart now,” explained the firm’s marketing director Stuart Harris.