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IED reveals updated Cisitalia 202 E concept

IED will reveal the Cisitalia 202 E Concept – a modern version of the Pininfarina-designed 1947 Cisitalia 202 – at next month's Geneva motor show. Design students of the Master of Arts in Transportation Design developed the Cisitalia 202 E (Evolution) Concept at the IED in Turin as part of their work experience program during the 2010-2011 academic year. IED has announced that, "the concept faithfully reflects the design of the historic vehicle, with dimensions and power aligned with modern times." Technical partners of the project include CECOMP (prototype construction), Pirelli, OZ Racing and ABET Laminati.

Skip Barber Racing School rolls back prices

Skip Barber Racing School is turning back the clock to 2001, when gasoline cost less than $2 a gallon and a three-day racing school cost just $3,000. All 12 locations will move to the new pricing scheme temporarily, to give more drivers a chance to get behind the wheel and do some performance driving. Skip Barber has been teaching people to race for more than 30 years.

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.