Profits soar at Jaguar Land Rover


Jaguar Land RoverProfits for motor company Jaguar Land Rover (JLR) roared ahead in 2012/13.

Pre-tax profits for the Coventry-based company reached a record of more than £1.67 billion - 11% up on 2011/12 - while revenues rose 17% to an all-time high of £15.8 billion.

A UK sales increase of 20% contributed to total 2012/13 world sales of nearly 375,000 vehicles - another record and 22% up on 2011/12.

During the year the company introduced the all-new Range Rover, the Jaguar XF and XJ and the XF Sportbrake.
JLR chief executive Dr Ralf Speth said: "The positive result for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world.

"We invested significantly in the product creation process, in our advanced manufacturing sites and created more than 3,000 jobs.

"This commitment is set to continue with a sustained programme of investment which will see us spend in the region of £2.75 billion on new product, people and infrastructure in the year to March 2014."

The top 10 Fortune 500 companies

The top 10 Fortune 500 companies