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Jaguar Land Rover doubles its profits

Jaguar Land Rover has reported sales up by 29 per cent in the second quarter of their financial year and profits up by 100 per cent. It’s a rough car market out there – especially in Europe – but Jaguar Land Rover continues to grow its sales with revenues up by over 13 per cent, sales up by 29 per cent and pre-tax profit up by 100 per cent to £431 million. These are strong figures from JLR and reflect the strong sales of the Evoque around the globe (100,000 and counting) and remarkably strong sales for the old Range Rover, despite the 2013 Range Range Rover about to hit showrooms.

Hyundai i40: On sale UK in June & first i40 interior photo

The first official photo of the Hyundai i40 interior We’ve run plenty of stories on the Hyundai i40 in the last year or so as Hyundai rolls out its Mondeo-bashing D-Segment car around the world. But as regular readers know, the Hyundai i40 the rest of the world has already got is not the same Hyunda i40 the UK and Europe will get. Unlike Ford – who are trying to make their cars ‘One World’ – Hyundai believes that Europe needs a different i40.

Investor group wants to buy Saturn, sell overseas brands

An investor group called Telesto Ventures says it wants to acquire Saturn's retail operations and provide dealers with vehicles from General Motors through 2011 and mostly overseas manufacturers thereafter. A GM spokesman said today the group's proposal is legitimate and "very interesting." "I can tell you this is one of the interested parties with Saturn, and we have been working with them throughout this process," said spokesman Steve Janisse. "There are other interested parties as well who we're working with.