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Jaguar Land Rover to create ANOTHER 1700 jobs

1700 new jobs created by JLR to build new smaller Jaguars like the Jaguar Crossover (pictured) We’ve reported on the creation of more and more jobs in recent years by Jaguar Land Rover as Land Rover’s products, in particular, drive forward. But Jaguar is soon to undergo a transformation as a new, smaller range of cars and crossovers join the current lineup of F-Type, XF, XJ and XK to emulate the sales success Land Rover is enjoying, particularly with the Range Rover Evoque. That means yet more new jobs at Land Rover – 1,700 at Solihull – taking the new jobs Jaguar has created in the last few years to 11,000 and an additional  £1.5 billion product creation investment.

Saab 9-5 sedan epsilon 2 sedan releases redesign with clear look

Saab has released details of its new 9-5 flagship, a car crucial to the brand's success as an independent automaker under new ownership. Earlier this month, General Motors Co. reached a deal to sell Saab to Koenigsegg Group AB, a consortium of private investors that includes Koenigsegg Automotive AB, a tiny Swedish maker of $1 million supercars.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.