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Jaguar Land Rover sales drive Tata Motors’ profit

JLR strong sales drive Tata Motors profits Jaguar Land Rover sales rose 41 per cent in the last quarter to £3.75 billion with profits of £440 million, propping up Tata’s domestic decline. When Tata bought Jaguar Land Rover from Ford back in 2008 for $2.3 billion it offered promise for the future, but most analysts thought Tata had made a big mistake buying JLR for so much, just as the world economy started to slip ion to the near depression we’re still fighting. But the analysts were wrong.

Lotus announces 100 new jobs

Lotus Lotus is on a recruitment drive - prompting confidence that the iconic British sportscar firm’s future looks brighter than it has for years. The company has suffered a rollercoaster ride since relaunching in 2010 with a bold promise to build five new sportscars and a supermini. But the architect of that plan, CEO Dany Bahar, was fired by the company's Malaysian owners and the expansion has since been wound down.

Detroit auto show: Ford pumps up the 2011 Mustang GT with 412 hp

To Ford Mustang fans, 5.0 has a special place in their hearts and Ford has delivered a new car for them to love: the 2011 Mustang GT. The 5.0-liter V8 Mustang GT will deliver 412 hp and 390 lb-ft of torque. The engine produces 83 hp per liter yet will return 25 mpg on the highway and 17 mpg in the city, according to Ford marketing boss Jim Farley.