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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.

Hummer sale agreed

GM has a Memorandum of Understanding in place to sell Hummer to a 'Mystery' buyer GM are reporting that they have reached a ‘Memorandum of Understanding’  with an unnamed buyer to take Hummer of their hands later in the year. MOUs are not the strongest tool in the arsenal when a sale is being arranged, which tends to indicate that either the buyer likes the idea but won’t commit yet, or they are still in ‘Fund-Raising’ mode. So who are the likely buyers?

Call for Entries: CDN-GM Interactive Design Competition 2012

With temperatures soaring across North America, there's no better time to hunker down in an air-conditioned room with your pen, vellum, and markers (or, more realistically, your computer and tablet) and get working on your entries into the GM Interactive Design Competition 2012.  It's only been a month since the official launch of the 2012 GM Interactive Design Competition and we're already seeing strong participation and a very high level of quality for the entries. Open to all full-time college or university students from across the US and Canada, this competition is a great way to gain exposure, but also to keep up and improve your skills over the summer. With five paid internships (housing included) at GM's studios in Warren, MI up for grabs, there's no better launchpad for your career in the automotive industry, and getting your entries online early also gives you a head-start on the competition by allowing the public and mentors to critique and review your work.