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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.

GM profits surge to $3.2 billion in first quarter

General Motors on Thursday posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy. Stripping out one-time charges and gains, including $1.6 billion in income from the March sale of GM's ownership in Delphi Automotive, GM earned $2 billion before interest and taxes. GM's net income for the January-through-March period a year earlier was $865 million.

Mitsubishi i-MiEV UK price and specs revealed

The Mitsubishi i-MiEV goes on sale in the UK in January 2011 As part of Mitsubishi’s wish to be thought of as the maker of eco-cars and the saviour of fluffy-bunnies and polar bear cubs, they’ve been pushing forward with their urban milk-float – the Mitsubishi i-MiEV – for all they’re worth. They launched the i-MiEV last year in Japan and have been softening up the public with bits of info this year such as the mad assertion that four policemen and all their kit would fit in an i-MiEV. So we all know the little electric Mitsubishi is coming, and in Japan – with a thumping big Government subsidy – it costs £20,000.