Morgan Motor Company has announced record profitability and growth as it continues to roll out a long-term strategic plan under the guidance of Chairman Dominic Riley, Managing Director Steve Morris, and family shareholders – keeping up the positive momentum in the family-owned business. Year-end financial reports released today announced record growth from the 109-year-old company with a 19 percent increase in revenue against 2016 to £36m, improved group margins with an increase of 12 percent, a 13 percent increase in group net assets and an increase in pre-tax profits to £2m. Last year saw strong performances from all sectors of the Morgan business, including a new technological partnership with Frazer Nash for EV development, futureproofing with long-lead new model planning and strategic in-house appointments within the management team coupled with increased marketing activity.
McLaren Automotive has been announced as Britain’s leading mid-market growth company in a national survey released this week. Following another record-breaking year for vehicle sales and financial performance, the world-renowned creator of luxury sports and supercars has been ranked as the number one company overall in The Sunday Times Top Track 250 league table.
Aston Martin Holdings (UK) Ltd, the producer of luxury handcrafted sports cars, today welcomed a decision by Moody’s Investors Service to upgrade its credit rating for the company. The upgrade follows the earlier change in outlook from Stable to Positive, as well as the publication of Aston Martin’s sharply improved first-half financial results.
Jaguar Land Rover North America, LLC today reported August 2017 U.S. sales: Jaguar sales were 3,101 units, a 6 percent decrease from 3,298 units in August 2016; Land Rover sales increased 5 percent to 6,320 units from 6,031 in August 2016; Jaguar Land Rover August U.S. sales for both brands hit 9,421 units, a 1 percent increase from 9,329 units in August 2016. Year to date, Jaguar Land Rover is up 13 percent in the United States, ahead of 2016’s record sales year pace. We are pleased to notch a small increase in August in the face of a challenging marketplace. Despite the headwinds, record monthly sales for Range Rover, and the launch of the Range Rover Velar, helped the Land Rover brand set a new U.S. August sales record. — Joe Eberhardt, President and CEO, Jaguar Land Rover North America, LLC
Aston Martin, the producer of luxury handcrafted sports cars, will drive trade and investment between the United Kingdom and Japan worth up to £500 million over the next five years of its Second Century business plan. The investment program was announced by Dr. Andy Palmer, Aston Martin President and Chief Executive Officer, during his visit to Japan as part of the UK delegation accompanying British Prime Minister Theresa May. The trade and investment created by the company signals the importance of the Japanese luxury car market to the global success of Aston Martin.
Aston Martin has announced that it has bumped up its revenue forecasts for the second time this year following a record six months of profits. The renowned British carmaker today announced a pre-tax profit of £21.1m for the six months to 30 June. During the same period last year, the firm suffered e a loss of £82.3m.
The most recent new car registration stats from the SMMT show a decline in passenger car registrations in July, but MG Motor UK is continuing to outperform the market. The Longbridge-based business not only registered a total of 305 new cars across July (an increase of more than 4% year-to-date compared to 2016), but an additional five new dealerships joined the network. The latest stats confirm MG’s strong year-to-date growth and can be attributed to network expansion and development. This stands in contrast to the subdued new-car market, which was down by over 2% in the first seven months of 2017 compared to 2016.
British sports car and supercar manufacturer, McLaren Automotive, today announces yet another record-breaking year in respect of vehicle sales, profitability, and financial performance. Profit before tax of £9.2M from an annual sales revenue of £649.8M in 2016 gave McLaren Automotive a fourth consecutive year of profitability in only six years, since the start of sales in 2011. This was an increase in profitability before tax of 70% compared to the £5.4M reported in 2015.
British specialist sports car maker The Lister Motor Company is currently the fastest growing company within the competitive British motor industry business sector, and the 28th largest in the UK market, according to independent analysis results just revealed by leading business finance specialists Plimsoll Publishing Limited. This research supports the fact that Lister’s sales have increased by 140 per cent over the previous 12 month period. This news follows Lister’s recent announcement that to date it is unique in being the only automotive company making original specification continuation cars that are eligible for fully-legal registration and road use. Unlike other continuation specials which are strictly limited to track use only, the new road legal Lister Knobbly is fully eligible for IVA type approval.
Jaguar Land Rover Automotive plc (JLR), the UK’s largest vehicle manufacturer, today reported a strong fourth quarter to finish the fiscal year with solid results demonstrating encouraging demand for both new and established models in the period to March 31, 2017. Retail sales were a record 604,009 vehicles, up 16% on the previous year led by the 2017 World Car and World Car Design of the Year award-winning Jaguar F-PACE and continuing strong demand for the Land Rover Discovery Sport and other models in the Jaguar Land Rover portfolio. Retail sales were up year-on-year in China (32%), North America (24%), the UK (16%) and Europe (13%).
Jaguar Land Rover North America, today reported April 2017 U.S. sales: Jaguar sales were 3,230 units, a 197 percent increase from 1,087 units in April 2016; Land Rover sales increased slightly to 5,211 units; Jaguar Land Rover April U.S. sales for both brands hit 8,441 units, a 35 percent increase from 6,275 units in April 2016; making it the best ever Jaguar Land Rover April sales month (previous best was 8,216 units in 2002). Year to date, Jaguar Land Rover is up 24 percent in the United States. We are thrilled to have had a record-setting April sales month for Jaguar Land Rover based on a strong product offering and our dedicated retailer network. The Jaguar F-TYPE and Land Rover Discovery Sport had an outstanding sales month and continue to contribute to the brands’ growing sales momentum. — Joe Eberhardt, […]
Briggs Automotive Company (BAC) is set to employ a new wave of talented staff as part of its massive expansion plans, with a number of desirable roles going up for grabs with the manufacturer of the One-of-a-Kind Mono supercar. A true British success story, BAC has achieved worldwide acclaim and success for the brilliance of its driver-focused Mono and has exported into 30 territories around the globe so far.
Jaguar Land Rover North America, LLC today reported March 2017 U.S. sales: Jaguar sales were 4,953 units, a 132 percent increase from 2,133 units in March 2016; Land Rover sales reached 7,965 units, down 9 percent from record March sales of 8,733 units in 2016; Jaguar Land Rover March U.S. sales for both brands hit 12,918 units, a 19 percent increase from 10,866 units in March 2016; making it the best ever Jaguar Land Rover sales month. Year to date, Jaguar Land Rover is up 21 percent in the United States. We are proud that both Jaguar and Land Rover finished our fiscal year on a high note in March, establishing record-breaking U.S. sales numbers for the company as a whole, as well as Range Rover Evoque, F-PACE and XE. Jaguar has maintained its 2016 sales momentum and Land Rover […]
Jaguar Land Rover North America, LLC today reported February 2017 U.S. sales: Jaguar sales were 3,484 units, a 130 percent increase from 1,512 units in February 2016; Land Rover sales reached 5,747 units, down 10 percent from record February sales of 6,417 units in 2016; Jaguar Land Rover February U.S. sales for both brands hit 9,231 units, a 16 percent increase from 7,929 units in February 2016; making it the best ever Jaguar Land Rover February sales month. “We are very pleased to have our best ever February retail month in the U.S. with both car and SUV sales growing across the two brands,” said Joe Eberhardt, President and CEO, Jaguar Land Rover North America, LLC. “The Jaguar brand continues to grow at a torrid pace on strength of the two newest products, the XE and F-PACE. Land Rover is […]
Jaguar has announced a range of enhancements to its F-PACE performance SUV and XF and XE sports saloons. The 2018 model year updates see the debut of Jaguar Land Rover’s latest Ingenium engines and new convenience and safety features available across all three vehicles to deliver more choice and personalization than ever before. The updates come on the back of a strong start to the year for Jaguar in the UK. More than 2,694 vehicles made their way onto UK driveways in January, an increase of 20% on January 2016, giving the brand its best January UK performance ever. In 2016 Jaguar sold more vehicles in the UK than ever before, surpassing a 12 year old record. The popularity of the XE, XF and F-PACE were key in helping the brand to retail 34,728 vehicles in the UK last year, […]
Bentley Motors has been recognized as a Top Employer for the sixth consecutive year, reflecting the company’s attention to excellence in personal development and employee conditions. The award – presented by the Top Employers Institute – highlighted Bentley’s emphasis on continuous improvement, employee conditions and dedication to the company’s 4,000-strong workforce.
Jaguar Land Rover North America, LLC today reported January 2017 U.S. sales: Jaguar sales were 2,939 units, an 117 percent increase from 1,352 units in January 2016; Land Rover sales reached 6,163 units, up 9 percent from record sales of 5,655 units in January 2016; Jaguar Land Rover January U.S. sales for both brands hit 9,102 units, a 30 percent increase from 7,007 units in January 2016; making it the best ever Jaguar Land Rover January sales month. After coming off a record-setting year in 2016, we are starting 2017 with a successful January sales month for Jaguar Land Rover and are proud to report a 30 percent sales increase. This strong performance is a testament to our expanded product offering, highly desirable brands and dedicated retailer network. We are in prime position for sales growth in the coming year. […]
According to a recent article on CNN, American drivers are growing increasingly fond of British-made automobiles. They purchased nearly 50% more British cars in 2016 compare to the previous year, helping British automakers hike their annual production to a 17-year high. The U.K. Society of Motor Manufacturers and Traders said nearly 200,000 British-made cars were shipped to the U.S. last year. Meanwhile, just 40,000 U.S. cars were registered in the U.K. in 2016. The U.S. is the largest national market for U.K auto exports.
Jaguar Land Rover has once again been named the largest automotive manufacturer in Britain, accounting for more than 30% of all domestic car production last year. The news follows today’s announcement from the Society of Motor Manufacturers and Traders (SMMT) that UK car manufacturers set a new record in 2016, producing 1,727,471 vehicles. Jaguar Land Rover’s three vehicle manufacturing plants in Liverpool and the West Midlands increased the company’s UK production output 8% over the previous year to 544,401. Jaguar Land Rover vehicles account for five of the top ten British best-sellers globally.
Norfolk-based Zenos Cars has gone into administration, it was revealed on Wednesday. The British manufacturer behind the bonkers lightweight E10 range announced it had ceased operating after hitting financial troubles due to a raft of order cancellations last year. Administrators are looking to speak to potential suitors who may want to buy the business and keep the sports cars with a niche following in production , the official statement from the car maker said.