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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.

Nissan to open new Global Headquarters Gallery

Nissan, which opened its new global headquarters in Yokohama, Japan, last weekend (coinciding with the unveiling of the automaker's new electrically-propelled Leaf), will open a new gallery dedicated to its products on August 8th. Just as German automakers BMW and Porsche have shrines dedicated to their respective brands, Nissan's new gallery will feature exhibits of its current products, classic models and cars from its racing heritage. The new gallery - which boasts an area four times larger than the previous Nissan gallery in the company's former headquarters in Higashi Ginza - occupies 4000m2 of space on the first floor of the new building.

GM continues work on fuel-saving engine technology

Sometime in the next decade, you might be able to enjoy some of the benefits of a diesel without driving one. A technology called HCCI improves fuel economy 15 percent and releases fewer emissions by using a combustion process similar to what is used in diesel powerplants. General Motors continues work on the project, which could be applied across a range of engine sizes and used with other advanced fuel-saving technologies to help the company comply with the proposed new mileage and emissions targets announced Tuesday by President Barack Obama.