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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.

Jeep Grand Cherokee (2011) first official pictures

Jeep has paraded its new Grand Cherokee 4x4, the pinnacle of its range of SUVs and its second biggest seller in the UK after the Patriot. The Grand Cherokee is a new model, not just a facelift although the underpinnings are carried over – albeit in spruced-up form.The 2011 model year Grand Cherokee evolves the chunky Jeep look and packs a whole load of new technology under the skin, according to Jeep. And the interior (one of the weakest points on Jeeps for years) has been improved, too.So what's new on the 2011 Grand Cherokee?Apart from those more chiselled lines that give the 4x4 quite a different character, Jeep promises better on-road dynamics thanks to the adoption of independent front and rear suspension systems and a much stiffer body structure.

KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.