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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.

GM may use diesels in light-duty pickups

General Motors is considering a diesel engine for light-duty versions of its redesigned full-sized pickups. GM North America President Mark Reuss said in an interview that a diesel is among the options for the next-generation Chevrolet Silverado and GMC Sierra, which are due in showrooms next spring. Chrysler Group recently said it is considering a diesel for its light-duty Ram.

Ferrari 458 Speciale: Frankfurt 2013

The Ferrari 458 Speciale (pictured) unveiled at Frankfurt Ferrari probably won the crown at the Geneva Motor Show in March with LaFerrari as ‘Star Car’, so whatever they brought to Frankfurt would be a bit of a let down. But at least they brought something new. The ‘something new’ is the hardcore version of Ferrari’s mid-engined supercar, the 458, and Ferrari obviously used the same naming committee for this car as they did for LaFerrari – it’s the Ferrari 458 Speciale.