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Jaguar Land Rover reveals huge profits growth

Jaguar Land Rover has reported half-year profits have broken the £1 billion barrier, with profit before tax of £1.083 billion marking a massive 42% year-on-year increase. Profits in the last three months alone were £668 million, said the firm. MORE new British jobs for Jaguar Land Rover Range Rover: why it is already battling Bentley The strong results are thanks to continued sales growth for the two British luxury car brands: sales over the past three months increases 21% to 102,644 cars – beating even the half-year sales rise of 16% to just over 197,000 vehicles.

Carlsson C25 super coupé (2010) first official pictures

Mercedes tuner Carlsson will whisk the covers off this slinky new sports coupe at the 2010 Geneva motor show. The new C25 is Carlsson’s take on the Merc CL and this reskinned supercar will be one of the world premieres at the Palexpo arena.  Carlsson says it’s the company’s first own-developed and badged road car and it just about looks convincingly different enough from the SL to warrant that claim, we reckon. Just 25 C25s will be built, each powered by a breathed-on Mercedes 743bhp bi-turbo 6.0-litre V12.

Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).