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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.

Porsche Panamera S E-hybrid scores £5k government grant

By Ollie Kew First Official Pictures 27 November 2013 12:30 You’d have thought the last thing a buyer wealthy enough to afford an £89k Porsche Panamera needed was a £5000 discount on their mammoth new supersaloon. But, thanks the Panamera S E-hybrid cracking the eco numbers, that’s exactly what the UK government is offering. The Panamera S E-hybrid has joined a list of just 15 cars eligible for Britian’s ‘ULEV’ (ultra low-emission vehicle) status, approved by OLEV (the Office for low-emission vehicles.) Yes, in real life, it’s ridiculous, but on paper, the S E-hybrid is a wunderkid of low-emission motoring.

Lambrecht Chevrolet auction update: More detail on the cars

In about seven weeks, roughly 500 cars from Lambrecht Chevrolet in Pierce, Neb., will go across the auction block. And pre-bidding has already started on this massive time-capsule collection, accumulated over the course of many decades by Ray and Mildred Lambrecht, a husband and wife team who ran the dealership for more than 50 years. Autoweek will be in Pierce, Neb., to cover the sale in late September and to preserve a sample of the dust on the dealership floor for scientific study.