Jlr Swings Into Profit

Summary


A round up of top stories from the past week on birminghampost.net Car giant Jaguar Land Rover made an after-tax profit of about pounds 55 million in the last quarter of last year after wholesale volumes grew 28 per cent.

Indian owner Tata Motors revealed JLR was supported by better market environment and sustained cost reduction efforts, with sales rising particularly in North America, Europe and China.

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Extract


Jlr Swings Into Profit

Land Rover grew 34 per cent aided by continued strong market reception to the 2010 model year vehicles launched earlier during the year. Jaguar volumes grew 11.5 per cent led by strong growth of XF while the production of the X-Type, as announced earlier, ceased by the end of the quarter.

JLR's results helped Tata to post a pounds 92.7 million net profit for the quarter to December 2...

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