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New MINI JCW GP laps Nurburgring in 8:23 (video)

We have video of the fastest MINI ever – the MINI John Cooper Works GP II – lapping the Nurburgring in 8:23. We revealed back in April that a new version of the MINI JCW GP was on the way, and MINI got round to confirming that in May when the new MINI John Cooper Works GP was officially revealed. At the time, MINI told us that the new MINI GP could hustle round the Nurburgring a full 19 seconds quicker than the old MINI GP making the new hot MINI the fastest MINI ever made (well, the fastest MINI ever made by BMW, anyway).

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.

De Tomaso fails to sell

The De Tomaso brand failed to attract a bid in auction this week But it appears that the liquidators for the De Tomaso assetts have already disposed of the factory and land, and this week the brand and trademarks were on the auction block, with a starting price of  €1.6 million. But there were no takers. Not one.