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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 posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Plans To Drop Congestion Charge Pay-By Text

TEXT messages are to be dropped as a way for drivers to pay for their congestion charge under plans being considered by Transport for London (TfL). A new Smartphone app may replace text messages, which make up around 400 out of the 130,000 congestion charge payments made each day. TfL, which is launching a six-week consultation ending on September 12, describes texts as an "under-used SMS payment service" and claims the app would enable drivers to carry out a wider range of tasks.