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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.

New BMW Z4 sDrive35is (2010 /2011) revealed. UPDATE: +Video

The BMW Z4 sDrive35is will debut at Detroit in January 2010 When the latest model BMW Z4 was revealed BMW made it clear that this time round there would be no Z4M. But that doesn’t mean that there won’t be any quick Z4s. Oh, no.

Top Gear to do ‘Economy’

Don’t think for a minute that we’re going to lose the supercar stunts we know and love, and see them replaced by the charms of a Kia Cee’d economy run, but Top Gear, in common with the rest of the Beeb, is having its budget cut – apparently. Andy Wilman, who is the brains behind TG (and its producer) together with Jeremy Clarkson, has been bemoaning the budget cuts planned for the show on the TG website. He said: ‘No point in moaning about that.