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Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.

Jaguar Land Rover sales drive Tata Motors’ profit

JLR strong sales drive Tata Motors profits Jaguar Land Rover sales rose 41 per cent in the last quarter to £3.75 billion with profits of £440 million, propping up Tata’s domestic decline. When Tata bought Jaguar Land Rover from Ford back in 2008 for $2.3 billion it offered promise for the future, but most analysts thought Tata had made a big mistake buying JLR for so much, just as the world economy started to slip ion to the near depression we’re still fighting. But the analysts were wrong.

New VW Golf MK 7 goes on sale

The 2013 Volkswagen Golf – the Golf Mk 7 – is now on sale in the UK just weeks after its official debut at the 2012 Paris Motor Show. Volkswagen has put the new Golf – the MK 7 version of the best-selling Golf – on sale in the UK already, with first customer cars due to arrive in January 2013 – although the range is still limited. On offer to order now in the UK is the Golf S, Golf SE and Golf GT, but if you want the new Golf GTI – or a BlueMotion of 4Motion Golf  Mk 7 – you’re going to have to wait until well in to 2013 to be able to place your order.