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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.

Geely to buy bankrupt London Taxis

The Chinese press are reporting that Geely are to buy London Taxi maker Manganese Bronze, which went in to liquidation in October. Back in October we reported that Manganese Bronze – makers of the iconic London Taxi – had gone in to administration, finally tipped over the edge by  steering box failures in the TX4. After years of under-investment – and a product that has been usurped by both the Mercedes Vito Taxi and the new Nissan NV200 Taxi – it looked like Manganese Bronze had no way back.

Saab: On the edge of oblivion

Saab go in to meltdown We’ve had a statement in from Saab this morning telling us that they are now unable to pay their staff until they manage to get a bit of funding in. Didn’t they just get a pile of Euros in from Panga Da for a boat full of Saabs? According to two previous statements from Saab they received €30 million Euros at the end of May for 1,300 Saabs ordered by Pang Da, and another €15 million for a further 650 cars a week later.