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Jaguar Land Rover doubles its profits

Jaguar Land Rover has reported sales up by 29 per cent in the second quarter of their financial year and profits up by 100 per cent. It’s a rough car market out there – especially in Europe – but Jaguar Land Rover continues to grow its sales with revenues up by over 13 per cent, sales up by 29 per cent and pre-tax profit up by 100 per cent to £431 million. These are strong figures from JLR and reflect the strong sales of the Evoque around the globe (100,000 and counting) and remarkably strong sales for the old Range Rover, despite the 2013 Range Range Rover about to hit showrooms.

Fall in drug-driving admissions

THE NUMBER of motorists admitting to drug-driving is falling, according to Government figures. Just 0.5% of motorists said they had driven under the influence of drugs during the 2012/13 financial year compared with 1% who owned up to this offence during 2011/12. Based on a survey by the Office for National Statistics, the figures also showed that 6.4% of motorists had admitted drink-driving at least once in 2012/13 compared with 7.4% in 2011/12.

Are Peugeot Citroen set to be bought out by GM?

Could GM take control of Peugeot Citroen? Last year we reported that Peugeot Citroen (PSA) and GM were forming a joint alliance to cut costs and develop new cars. But we questioned if the small savings of €2 billion a year from jointly developing new platforms and engines would do anything to stem the losses both companies were facing in Europe, and wondered if the only solution was a merger.