Jaguar and Land Rover profitable in 2007 report Tata
Author: Chris Barker
Published: 03 April 2008
Jaguar and Land Rover both turned a profit in 2007, according to new owners Tata Motors who bought the British marques from Ford last week.Having just got its corporate feet behind the desks of Jaguar and Land Rover, Tata Motors has wasted no time in wading through a stack of Ford's paperwork to discover that figures for 2007 depict that, jointly, Jaguar and Land Rover, turned over significant profit.Tata's man in the swiveling hot seat – Managing Director Ravi Kant – revealed that results illustrating all four quarters last year showed profit.
Ford never released figures for Jaguar and Land Rover, but most industry analysts speculated that while Land Rover turned a decent profit, Jaguar was comfortably in the red. 2006 statistics indicated a loss of $700m for the Big Cat.Tata recently announced $1.5bn of investment into J-LR to plough into development of new vehicles over the next few years. Both brands have several new models in the pipeline.Whichever way it turns out, the thought that should be uppermost in Tata's minds right now are how they intend to address the concerns over emission standards, and how its new purchases are implicated.
See Also:
Click here for more Jaguar stories
advertisement
Jaguar has introduced the new performance-orientated diesel XF S – which also returns an impressive 42mpg. | 05/01/2009
The Audi R8 V10 will offer all-LED headlamps as standard in 2009, paving the way for the introduction of LED headlamps on more Audi models. | 05/01/2009
Rolls-Royce has unveiled a special-edition Phantom as part of its Bespoke Collection in the shape of the Phantom Sapphire. | 05/01/2009
Audi has added more Coupe and Roadster TT variants, with the addition of the new S line specification and more quattro models, available from 1 January. | 05/01/2009
Audi will launch Black editions of its A3 in three-door, five-door and cabriolet guises. | 05/01/2009
|05/01/2009
Rolls-Royce has unveiled a special-edition Phantom as part of its Bespoke Collection in the shape of the Phantom Sapphire.
|05/01/2009
The Audi R8 V10 will offer all-LED headlamps as standard in 2009, paving the way for the introduction of LED headlamps on more Audi models.
|05/01/2009
Audi will launch Black editions of its A3 in three-door, five-door and cabriolet guises.
|05/01/2009
Audi has added more Coupe and Roadster TT variants, with the addition of the new S line specification and more quattro models, available from 1 January.
|05/01/2009
The Association of British Insurers have revealed that an increasing amount of people are jeopardising their insurance cover by lying or failing to disclose information.
|01/10/2008
Euro Car Parts has acquired Pinco 1555 Ltd, including all 53 of LSUK's 53 branches, together with subsidiaries M I Diesel Products, Protech Automotive (UK) and Yeovil Rewind.
|20/11/2007
Around 400 people a day risk damaging their car by misfuelling, and filling up with gas is a mistake that could cost thousands. So what do you do if you´ve filled up your diesel car with unleaded petrol?
|06/12/2007
Fuel protests similar to those that brought the UK to a halt in 2000 are being planned by a breakaway group of disaffected hauliers, according to press reports.
|07/10/2008
Euro Car Parts has put out a statement on the closure of LSUK, stating that a closure of the business was unavoidable due to a 'lack of support'.
|06/10/2008
LSUK, thought to have been rescused by Euro Car Parts, has been unexpectedly closed by the new owners with the loss of over 600 jobs.
Search Motortorque:
No readers comments
Be the first to write a comment on this article