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.
Jaguar Land Rover Automotive plc, the UK’s largest car manufacturer, this past Tuesday reported a 13% increase in revenue to £6.5bn with strong customer demand in the three months to December 31, 2016. Total retail sales of 149,288 vehicles, up 8.5% year-on-year, were a record for the third quarter with higher volumes in China, (up 38.4% including sales from the China joint venture), North America (up 19.8%) and Europe (up 7.0%) led by strong sales of Discovery Sport, Jaguar F-PACE and the Jaguar XF (including the new long wheelbase Jaguar XFL in China).
Coventry Telegraph is reporting that Jaguar Land Rover has clocked up a record year in business – with colossal profits of more than £2.6billion. The Coventry-based car giant has revealed its full-year results which show the record pre-tax earnings are up £113million on the previous year. JLR also announced revenues of £21.86billion for the year to March 31, 2015, up by £2.48billion in 12 months. Bosses at the firm, which has its global headquarters at Whitley, said it marks a ‘fifth successive year of solid growth, robust financial results and continuous investment in its future.’ Jaguar Land Rover chief executive officer, Dr Ralf Speth said: “Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long-term future. “This has positioned the company strategically and financially for continued sustainable growth. For further details, check out […]