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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.

Peugeot reveals 308 GT warm hatch

Peugeot had revealed a new GT version of the 308, offering a step-up in performance while buyers await the hotly-anticipated new GTi version. The 308 GT range is offered in both hatchback and SW estate models, with a choice of petrol and diesel versions. The firm has lowered the suspension, enhanced the styling and even introduced a new colour called Magnetic Blue.

Art Center student's clothing company with a cause

In addition to studying automotive design at Art Center College of Design, student Mason Watson also runs his own automotive clothing company called Cars For A Cure Apparel. Set up a year ago, the venture was established in honor of Watson's mother, who lost her battle with breast cancer in 2008. Every purchase made on the Cars For A Cure Apparel website includes a 20 percent donation to The Breast Cancer Research Foundation.