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Jaguar Land Rover made £1 billion last year

The 2012 Jaguar XF & 2012 Range Rover Evoque - JLR's latest models Who’d have believed it just a year or two ago? Jaguar Land Rover has reported a turnover for the year to the end of March 2011 of £9.9 billion and has made a profit (after tax) of £1.04 billion – almost £3 million a day. From proffering the begging bowl in the direction of a short-sighted Labour government in 2009 – and getting nothing without untenable conditions attached - and making plans to close one of its three UK plants, JLR’s renaissance has been astonishing.

Ford and Geely agree on Volvo sale, could finalize deal in early 2010

Ford expects to sign a deal to sell its Volvo car unit to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today. Ford said that all of the deal's key commercial terms have been settled.

MINI Clubvan AXED in the US after just 50 sales

The MINI Clubvan (pictured) has been axed in the US after just 50 sales The MINi Clubvan – a van version of the Clubman – arrived in 2012 as a concept and instantly evoked fond memories of the original Mini van that used to roam UK roads with the black and yellow livery of the AA. By the time the new MINi Clubvan arrived as a production model last summer – and debuted at the 2012 Goodwood FoS – it had changed little from the concept, but looked set for success as a funky little local delivery vehicle. And it does seem as though the Clubvan is selling quite well, with florists and posh food delivery firms jumping on the Clubvan as a great way to move their product to customers, and look just that bit different in the process.