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Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

BMW Concept X1 (2008) unveiled: first official photos and video

By Ben Whitworth First Official Pictures 01 October 2008 00:31 This is the new BMW X1. Okay, BMW calls it the Concept X1 – it will be wheeled out tomorrow at the opening day of the Paris motor show – but 99 percent of what you see here will be arriving in production form in the UK in autumn 2009. Expect prices to kick off around £20,000 as the X1 tries to capitalise on its lack of direct rivals – Audi’s Q3 is still two years away.

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.