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Published on November 15th, 2011 | by Daniel Sherman Fernandez


Jaguar Land Rover quarterly revenue rises 30%

Jaguar Land Rover said quarterly revenue to Sept. 30 rose 30.3 percent to 2.9 billion pounds (3.4 billion euros), as booming demand in China for its luxury vehicles continued to help drive sales of the company’s models. The UK-based carmaker, owned by India’s Tata Motors, said on Monday, pre-tax profits in the same period increased 9 percent to 287 million pounds.The company said it benefited from strong sales of its new Range Rover Evoque with 7,700 models sold since its launch, and by demand for a version of the Jaguar XF with a 2.2-liter diesel engine.

Jaguar Land Rover said unit sales grew 13.8 percent to 130,090 in the first half. Last week, the company said it would create 1,000 jobs at its factory in Solihull near Birmingham, England, to help increase production of the Range Rover, Range Rover Sport, Discovery and Defender models. Earlier this year, the carmaker said it will build a 355 million pound engine plant in Wolverhampton, England, that will potentially create thousands of jobs.

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