Luxury car maker Jaguar Land Rover made £47.50 in profit every second last year. According to its annual report for 2017/18, the manufacturer posted pre-tax profit of £1.5 billion for the 12 months to March 31, 2018. This is the equivalent of £4.1 million per day, £171,230 per hour or £2,853 per minute. The company's revenue climbed from £24.3 billion in 2016/17 to £25.8 billion in 2017/18, meaning in generated in £770 turnover every second last year. BirminghamLive has crunched the numbers contained in the manufacturer's most recently published annual report after it announced it was scaling down production at its plant in Castle Bromwich to three days a week. Writing in the report, chief executive Ralf Speth described the 2017/18 figures as "a solid business and financial performance", adding that the firm was proud to be named again as Britain's largest automotive manufacturer which was "respected across the world". He said: "Our global … [Read more...] about The amount of profit Jaguar Land Rover makes each second
Land rover discovery 2017
Jaguar Land Rover to Move Discovery SUV Production to Slovakia
Britain’s biggest carmaker, Jaguar Land Rover Automotive Plc, is moving all production of its Land Rover Discovery to Slovakia from a plant near Birmingham, which will be retooled to accommodate a new generation of electric cars.The company, owned by Tata Motors Ltd, will create a new factory platform at its Solihull, U.K., plant that will enable the production of cars in electric, petrol and diesel versions, said people familiar with the matter, asking not to be named because the information isn’t public. Discovery production will be moved from the beginning of 2019, meaning job cuts at the Solihull plant are possible before it ramps up staffing again, the people said.The investment, totaling hundreds of millions of pounds, according to the people, could cut both ways. While some agency-employed plant workers may lose their jobs, the decision to build electric cars at Solihull marks a major commitment to U.K. manufacturing amid uncertainty over Brexit.After its makeover, … [Read more...] about Jaguar Land Rover to Move Discovery SUV Production to Slovakia
New Land Rover Discovery Sport Landmark edition celebrates firm’s fastest-selling vehicle
Motoring by Press Association 30/05/2018, 9:35 pm FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter Land Rover is celebrating the Discovery Sport’s position as the fastest-selling model it has ever produced with a new special edition – the Landmark. Continuing the Landmark badge, which has appeared on both the Discovery and the Evoque before, the high-spec trim is priced from £40,400 and comes generously equipped. The compact SUV is celebrating a bumper sales year – the Discovery Sport sold 126,078 examples in 2017, making it the best single-model annual sales in Land Rover’s history. The release also coincides with the brand’s 70th birthday, celebrations for which took place earlier in the year. The Discovery Sport Landmark edition is powered exclusively by the 177bhp 2.0-litre four-cylinder diesel engine, mated to an eight-speed automatic gearbox. Customers can show a bit more of their own character … [Read more...] about New Land Rover Discovery Sport Landmark edition celebrates firm’s fastest-selling vehicle
Jaguar Land Rover sales spike in April despite impending job and production cuts
Jaguar Land Rover's sales jumped by more than a quarter in April despite its plans to cut jobs and production as demand falters amid Brexit concerns. The figures Tata Motors, the parent company of Jaguar Land Rover, reported retail sales of 45,180 vehicles in April 2018, up almost 12 per cent from the year before. It said new models including the Range Rover Velar, Land Rover Discovery and the Jaguar E-Pace were driving its success. The story in Europe was different, with sales dropping by more than 10 per cent, which the company blamed on the uncertain fate of diesel in the UK and Europe. China, meanwhile, was the car giant's strongest market, with retail sales in April rising 29 per cent. Overseas markets recorded 21.3 per cent growth in retail sales. In North America the increase was 2.5 per cent. Read more: Jaguar Land Rover set for job cuts and production changes amid Brexit fears Why it's interesting The positive sales results defy the gloomy news in April that JLR was planning … [Read more...] about Jaguar Land Rover sales spike in April despite impending job and production cuts
The history of Land Rover: World’s most famous off-roader celebrates 70th anniversary – but what’s the best ever model?
1948 Land Rover Series I launched at the Amsterdam Motor Show 1953 Long Wheelbase version of the Series I is introduced 1956 Oxford and Cambridge teams complete on London to Singapore expedition in Series I 1958 Land Rover Series II unveiled with more refined design 1970 Original two-door Range Rover (the Classic) goes on sale 1971 Land Rover Series III launched 1972 Range Rover crosses Darien Gap on 18,000-mile Trans-America expedition 1976 1,000,000th Land Rover built 1979 A Range Rover wins the inaugural Paris-Dakar rally (and again in 1981) 1981 Land Rover begins legendary partership with Camel Trophy 1981 Four-door Range Rover released 1989 Land Rover Discovery, the third Land Rover model, goes on sale 1990 Original ‘Landie’ relaunched and renamed Defender 1994 Second generation Range Rover launched 1997 All-new Freelander is unveiled with innovative new technology: Hill Descent Control 2001 Third-generation Range Rover with all-round independent air suspension … [Read more...] about The history of Land Rover: World’s most famous off-roader celebrates 70th anniversary – but what’s the best ever model?