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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.

Volvo XC60 Plug-in Hybrid Concept Details

Volvo XC60 Plug-in Hybrid Concept Ahead of a launch at Detroit next week, Volvo releases details of the XC60 Plug-in hybrid concept and a raft of photos. Despite calling the Detroit-bound Volvo XC60 hybrid a concept, it’s clear that the hybrid crossover/SUV is heading for a production model, probably sometime later in 2012. And what better place to showcase a petrol-engined hybrid (the XC60 Hybrid is a petrol-engined hybrid, unlike the diesel-engined V60 plug-in hybrid) than in the US, where diesel is still the fuel of Satan for most?

Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.