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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.

Supermarkets slash fuel prices for bank holiday

SUPERMARKETS have announced fuel-price cuts ahead of the August bank holiday getaway. From tomorrow Asda, Sainsbury's and Tesco are all reducing the cost of their petrol by up to 2p a litre, with diesel going down by 1p a litre. In Asda's case, this will take the price of its petrol to no more than 124.7p a litre, with diesel at 128.7p for diesel – its lowest prices since January 2011.

Volkswagen bus fetches $217,800 at Barrett-Jackson auction

At the Barrett-Jackson auction in Orange County, $159,500 could buy you a 1964 Rolls-Royce Silver Cloud III James Young sedan. A mere $165,000 would put you in the driver’s seat of a 2005 Ford GT. Doling out more than $200,000 nets you a .