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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.

One Lap of the Web: Rags to riches, Beetles to Porsches

-- Joseph MacDonald parked his 1965 Beetle in front of a restaurant 41 years ago, and that was the last time he saw it. He might yet see it again today, as his stolen car -- now painted white, and with even more rust -- will reunite with him, through the providence of border patrol officers actually performing some due diligence. Jason Torchinsky -- who knows a thing or two about stolen Beetles -- notes that he was lucky enough not to have waited 40 years for his car to come back.

Zonda Cinque Roadster revealed

Pagani has released the final Zonda - the Zonda Cinque Roadster We already know how rigid the Zonda is from the Zonda F Roadster, so Pagani haven’t had to add half a ton of iron girders to the Cinque to compensate for chopping the top off. So you will still have a car that can deliver 0-62mph in 3.4 seconds from its 678bhp V12 Mercedes-sourced engine, and on up to almost 220mph. Just like the Coupe Cinque, only five Cinque Roadsters will be built (Cinque – Five – gettit?!) and each will set back their lucky owner €1.1 million + tax.