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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.

Audi R8 E-tron (2012) sets new 'Ring record

Audi has set a new electric road car lap record of 8:09:099 minutes around the Nurburgring Nordschleife in Germany. The fully electric supercar isn't just a concept though - it's gearing up for sales before the end of 2012. How did the R8 E-tron lap the 'Ring so fast?

Ford to add or retain 12,000 jobs, invest $16 billion under UAW pact

Ford Motor Co. said today it will add or retain 12,000 U.S. jobs as part of $16 billion in planned investments under its new labor agreement with the UAW.