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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 to launch Chevrolet van in global markets

Chevrolet plans to launch a family van soon in several global regions, GM Vice Chairman Tom Stephens said Tuesday in showing analysts GM's future product plans. General Motors will base the van on its global compact-car architecture, said Stephens, who heads product development. He showed a picture of the van to analysts at a company presentation Tuesday, but his slides were not made available to members of the media.

Who's Where: Frank Stephenson appointed Director of Design for Alfa Romeo

Frank Stephenson began his new position as Director of Design at Alfa Romeo today, CDN can reveal. Stephenson left his role as Head of the Fiat, Lancia and Commercial Vehicle Styling Center last month and is now effectively filling a role that has been unoccupied since Wolfgang Egger left to become head of Audi's Style Center. Since Lorenzo Ramaciotti has been recently appointed to a newly created position as Cheif of Design at Fiat, Stephenson's previous position is now vacant.