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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.

Gar Wood's Miss America VIII race boat to be auctioned in Florida

Famed boat racer Gar Wood's two-time Harmsworth Trophy-winning race boat, Miss America VIII, will be offered at Mecum's Kissimmee Auction on Jan. 28 in Kissimmee, Fla. Wood piloted the boat to the Harmsworth Trophy in 1929 and 1931, the latter event witnessed by more than 600,000 people gathered on the shores of the Detroit River to watch.

Winners of the 'Ultimate LA Machine' Design Challenge announced

 The judges of the Los Angeles Auto Show's Design Challenge have named the Dodge Superbee and Volkswagen Mobile Lounge as joint-winners of the first ever automobile design studio competition. Designer Reto Brun of Volkswagen/Audi Design Center California said his studio considered two Los Angeles issues when designing the Volkswagen Mobile Lounge - an antidote to traffic and a better option for the area's "limo-centric" entertainment culture. Whisper-quiet fuel cell technology whisks occupants towards their destination while electronically controlled tinted glass, an open living space and innumerable in-car amenities provide a supremely comfortable environment.