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Jaguar Land Rover profits up 34 per cent to £1.5 billion

Just four years after Tata took over what looked like a basket case in Jaguar Land Rover, profits have hit £1.5 billion. It’s become the norm for Jaguar Land Rover to report ever improving profits and sales, but the news that JLR made profits of £1.5 billion in the year to end of March 2012 is still amazing. Ford sold Jaguar and Land Rover to Tata four years ago as it unwound its faltering luxury car brands, and as recently as 2009 JLR were almost begging for government help to keep going.

2015 Subaru WRX debuts at Los Angeles Auto Show

If you loved the rakish WRX concept that bowed in New York earlier this year, the production 2015 WRX, which debuted today at the Los Angeles Auto Show, may be a slight downer: decidedly less boy-racer than its predecessors, its sculpted fender flares and unique sheetmetal only slightly disguise its Impreza rootstock. But the WRX has always been more about performance than style, anyway, and Subaru says the new car will top its predecessor on that front. The '14 WRX's 2.0-liter turbocharged boxer-four squeezes out 268 hp and 258 lb-ft -- just a little bit more than the outgoing 2.5-liter turbo-equipped car.

Toyota to build Highlander hybrid in Indiana

Toyota Motor Corp. will invest $400 million to build a hybrid version of the Highlander crossover in Princeton, Ind. Toyota already builds the Highlander in Indiana but the hybrid Highlander has been assembled in Japan.