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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 Morgan Plus 8 Speedster is a retro road racer

Morgan is celebrating 100 years of building cars at its factory at Pickersleigh Road in Malvern with what it promises will be a series of special vehicles, appearing throughout 2014. The first of these is the Plus 8 Speedster– and it is special indeed. For starters, as the Speedster name implies, it comes without a traditional windscreen and roof.

Toyota car design contest for kids makes us smile and wonder 'what if'

Toyota has held its eighth annual dream car art contest, inviting entries from children aged 15 or younger from all around the world to imagine their dream car. Entries have poured in, all on paper as digital methods aren't allowed. However, Toyota has turned the work of the 90 finalists into six-second Vine videos.