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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.

BMW's MPA line bridges the gap to M

Soon, bridging the gap between your father's 328i M-Sport and the M3 of your dreams will be simple, all thanks to BMW MPA. The admitedly uninspiring "MPA" moniker doesn't refer to an accounting certification available at your local community college, but rather, M Performance Automobiles. It serves as a step between the M-Sport appearance package already available on nearly every BMW model and the fire-breathing M cars at the top.

Lexus IS

Details and pictures of the new Lexus IS saloon have been revealed ahead of the car's full debut next week in Detroit. Previewed back in September at the Paris motor show with the LF-CC concept, the IS features the carmaker's signature spindle grille and L-shaped Daytime Running Lights (DRL). The IS also retains the prominent character line that rises from the lower body into the rear lamp clusters and also features another that runs underneath the windows.