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Jaguar Land Rover: Tata to double annual investment to £1.5 billion

Tata to double investment in JLR Tata Motors has revealed that it plans to double annual investment in Jaguar Land Rover (JLR) to £1.5 billion. Just last week we reported that Tata Motors’ profits in the last quarter had been driven very much by the resurgence at Jaguar Land Rover, with JLR profits soaring while Tata Motors domestic profits declined. And it looks like Tata are keen to keep that momentum going with the announcement that they are to double annual investment in Jaguar Land Rover to £1.5 billion.

Mitsubishi goes electric

By Ben Oliver First Official Pictures 24 October 2007 12:58 What on earth is that? The iMIEV Sport, a teardrop coupe based on the same running gear as the regular iMIEV (more of which shortly), but with two in-wheel electric motors at the front to complement the single electric motor under the boot driving the rear wheels. The firm says the set-up can mimic the four-wheel drive grip of the S-AWC system used in the Evo X, but there are no plans to put it into production.

Volkswagen Group takes over BlackBerry's European R&D center

The Volkswagen Group has taken over BlackBerry's European research and development center in Bochum, Germany. The center employs around 200 people who will transfer to the newly founded VW Group subsidiary, Volkswagen Infotainment GmbH. BlackBerry is in the midst of a global restructure, as it bids to move away from making smartphones and switch its business to software development.