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Jaguar Land Rover reveals huge profits growth

Jaguar Land Rover has reported half-year profits have broken the £1 billion barrier, with profit before tax of £1.083 billion marking a massive 42% year-on-year increase. Profits in the last three months alone were £668 million, said the firm. MORE new British jobs for Jaguar Land Rover Range Rover: why it is already battling Bentley The strong results are thanks to continued sales growth for the two British luxury car brands: sales over the past three months increases 21% to 102,644 cars – beating even the half-year sales rise of 16% to just over 197,000 vehicles.

Korean supercar blasts into Goodwood

Believed to be the first-ever South Korean supercar, the 845-hp, mid-engine de Macross Epique GT1 made its European debut last weekend at the Goodwood Festival of Speed. The carbon tub, alloy-bodied Epique is the brainchild of a Korean oil magnate and avid car collector Keyser Hur, who is sinking part of his fortune into making the de Macross a reality. “Mr.

Saab's plan to become a successful indy car maker

By Tim Pollard Motor Industry 14 July 2009 09:24 Saab has spelled out to CAR its vision of being an independent car maker double the size of Jaguar. Saab is in the process of separating from GM, as part of the seismic restructuring underway at the car maker previously known as the world's biggest. The final details of Saab's future ownership should be announced in the next few weeks.