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Profits joy for Jaguar
Saturday 28th November 2009, 10:26AM GMT.
West Midlands car maker Jaguar Land Rover has returned to profit.
The figures follow cost cutting, helped by the popularity of new models such as the upgraded Land Rover, Range Rover Sports and Discovery 4.
Its Indian parent, Tata Motors, said Jaguar, based in Castle Bromwich and Solihull, made an operating profit of £41.3m in the three months to September 30, compared with a loss of £34m in the same quarter a year ago.
The firm’s net loss narrowed to £60m from £240m.
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