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Jaguar Land Rover made £1 billion last year
Thu, 26 May 2011The 2012 Jaguar XF & 2012 Range Rover Evoque - JLR's latest models Who’d have believed it just a year or two ago? Jaguar Land Rover has reported a turnover for the year to the end of March 2011 of £9.9 billion and has made a profit (after tax) of £1.04 billion – almost £3 million a day. From proffering the begging bowl in the direction of a short-sighted Labour government in 2009 – and getting nothing without untenable conditions attached - and making plans to close one of its three UK plants, JLR’s renaissance has been astonishing.
Car production increases again
Thu, 19 Sep 2013THE SOCIETY of Motor Manufacturers and Traders (SMMT) said UK manufacturers built 91,282 cars in August, up 16.2%, or 12,705, on the same period in 2012, leaving year-to-date volumes 3.1% ahead of 2012, at 984,545. The figures showed 20,298 cars were made for the home market this year, up 21.1%, while 70,984 were for export, up 14.8%. SMMT chief executive Mike Hawes said: "The past 12-months has been one of the most productive since late 2008." Samuel Tombs, of consultancy Capital Economics, said the CBI figures showed the manufacturing sector "continuing to go from strength to strength".
Not every Chrysler dealer gets to sell SRT Viper
Mon, 23 Jul 2012The redesigned 2013 SRT Viper will be sold at about one in five Chrysler Group dealerships, says Ralph Gilles, head of the high-performance SRT brand. To qualify for the sports car, dealerships will have to train staff, buy special tools and improve their facilities. "We're going to open it up to any dealer who can put the money forward and the training, but it's going to be pretty difficult to hit all of those things," Gilles said during a broadcast interview with journalists in Detroit this month.