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Jaguar Land Rover – Clever Finance Deal

JLR 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.

BAC Mono wins Supercar Class at Cholmondeley

The BAC Mono has won the Supercar Class at the 2012 Cholmondeley Pageant of Power, just a year from the Mono’s launch and in its first competitive event. The cynical might have imagined that the debut of the BAC Mono as yet another racer for the road from a  company most have never heard of would be another two minute wonder – loads of promise and little reality. But as we said when the BAC Mono burst on the scene in March 2011, ‘This is the real deal; a superbly engineered and beautifully built single-seat racer that just happens to be road-legal’.

Mercedes-Benz SLS prepped to go GT3 racing

Mercedes-Benz AMG pulled the wraps off its new race car on Monday in Oaxaca, Mexico, scene of a commemoration of Mercedes' victory in the 1952 Carrera Panamericana. The new SLS GT3 is a modified Mercedes-Benz SLS intended to meet FIA homologation requirements for the GT3 class in series throughout the world. While it's not known what the production car will look like when it starts going to customers either this fall--according to the press release--or "before the start of the 2011 racing season," according to AMG's Thomas Rappel, the prototype shown in Oaxaca had a full roll cage, a new front skirt with splitter, rear diffusers and an enormous rear wing.