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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.

2014 Chevy Spark EV priced at $27,500

The 2014 Chevrolet Spark EV will have a $27,495 price tag when it goes on sale in California and Oregon next month, making it one of the best value options among all-electric vehicles. The full $7,500 federal tax credit brings the Spark EV cost to $19,995. California Spark EV owners may also qualify for up to $2,500 in state and local tax credits, and they’re eligible for the state's carpool lane.

Volvo S60 saloon (2010) unveiled

This is the new Volvo S60, and it’s the latest attempt by the Swedish safety-mongers to snatch a share of the small executive saloon market that’s dominated by the 3-series, A4 and C-class. Volvo has only released two exterior photos of the new S60 – we’ll see the interior closer to the car’s Geneva motor show unveil in March 2010 – as it wants to highlight the new car’s design. Under now-departed design chief Steve Mattin, the S60 has been created as the car that will start the differentiation of Volvo design and break the one-size-fits-all focus.