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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.

One:1 halo car coming from Koenigsegg

Christian von Koenigsegg talked to Bloomberg Businessweek over the weekend, telling the publication about his youth, the supercar business and how most Koenigsegg designs start in his head. It's all worth a read. But at the end of the four-page article, the head of the brand hints at a new car, built as a “money-is-no-object venture” for a dealer in China.

British drivers not prepared for winter weather

Mondial Assistance Drivers in the UK are not prepared for winter weather, despite many warnings of approaching cold conditions on the run up to Christmas. A study commissioned by AXA insurance found only 6% of motorists will use winter tyres and less than a third (31%) will carry extra supplies, such as a shovel or tow rope. MSN Cars Winter Motoring GuideFind out how much a used 4x4 costs on Auto Trader This is despite drivers spending an average of two days in isolation during 2012 due to snow, ice, rain and flooding over winter.