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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.

2014 Subaru WRX STI revealed – and it’s coming to the UK

2014 Subaru WRX STI revealed – and it’s coming to the UK We learnt last week that the new Subaru WRX STI was heading for a debut at the Detroit Auto Show and it’s now arrived, as has confirmation that the new WRX STI is going on sale in the UK too. Subaru UK has confirmed that because the Yen has weakened there’s now a strong enough case to put the new WRX STI on sale in the UK, and that it will cost less than the original list price of the old model at £28,995. The new WRX STI gets the familiar 2.5 litre four-pot delivering 305bhp and 290lb/ft of torque, sent to all four wheels through a six-speed manual gearbox.

22nd-annual Detroit car show

Forget the economy. The focus of the 22nd-annual EyesOn Design show over Father’s Day weekend will be what first attracts many to car lust: alluring design. The show is expected to have 236 cars and about 25 motorcycles, including vintage racers, 1950s and ’60s convertibles and of course, muscle cars.