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Jaguar Land Rover doubles its profits

Jaguar Land Rover has reported sales up by 29 per cent in the second quarter of their financial year and profits up by 100 per cent. It’s a rough car market out there – especially in Europe – but Jaguar Land Rover continues to grow its sales with revenues up by over 13 per cent, sales up by 29 per cent and pre-tax profit up by 100 per cent to £431 million. These are strong figures from JLR and reflect the strong sales of the Evoque around the globe (100,000 and counting) and remarkably strong sales for the old Range Rover, despite the 2013 Range Range Rover about to hit showrooms.

Skoda Yeti and Superb join Skoda’s eco range

Skoda has added eco-variants of the Yeti and Superb during the launch of its second-generation ‘GreenLine’ range at the 2010 Paris Motor Show. The badge now covers the entire Skoda range, employing just two direct-injection, common-rail turbo diesel four-pots across all eight models, both of which are used in VW’s BlueMotion cars. It’s the 75bhp 1.2-litre engine for the Fabia and Roomster, while the Octavia, Yeti and Superb get the 105bhp 1.6-litre unit.

Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.