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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.

Ford once planned to race fiberglass-bodied Mustang touring cars

Tucked away on page nine of the May 9, 1964 issue of Competition Press and Autoweek is an intriguing little story: “FIA Rejects Ford Bid for Homolgation [sic].” At the time, the Mustang had just made its world debut, but Ford was already scheming to fold the car into its “Total Performance” campaign. The automaker apparently proposed to do so with a fleet of crazy fiberglass-bodied touring cars. According to Competition Press, Ford tried to get the new Mustang classified as a touring car for international racing.

Mitsubishi previews three Tokyo concepts

MITSUBISHI will showcase three new concepts at the Tokyo Motor Show, all using SUV body styles. Heading the trio of experimental designs is the Concept GC-PHEV, a full-size SUV using a development of Mitsubishi’s plug-in hybrid drivetrain. It aims to offer the everyday advantages of an SUV and class-leading environmental credentials.