Autocar - First for car news and reviews

The new owners of Jaguar & Land Rover will take control of a business that’s turned its balance sheet around by one billion dollars in the last twelve months, according to word on the Detroit show floor.
Land Rover is understood to have made a profit of around $1.2b in 2007 while Jaguar reduced its losses to around $100m thanks to cost-cutting and concentrating on fewer, more profitable sales.
The numbers are a big improvement over 2006, when the businesses combined lost $500m.
Accordin...Read the full article

Thats good.

I drive a black XJ!

Do I win anything for a witty response?

 

Ford would be stupid to sell up now JLR are in the black. Especially as the LRX is coming and the Jaguar XF and new XK are here along with the Land Rover Freelander. There is also the new XJ and possibly X-type replacements coming. Why sell when your in the middle of a new product program, especially with a potential joint venture with Alfa and Maserati. I think they should keep JLR and see if the recovery plan works out before  even considering selling!

I too find it hard to believe Ford are seriously considering selling these two in the first place and even harder to believe now they have shown what real potential they have in the future. Any compnay that can turn round a billion in twelve months must be a sure fire banker for future profit making. Add in the Ford Europe profit and you have a very good business.

Maybe Ford should look to sell off it's American arm instead!!!!!

Is everyone getting a tad sentimental here?

 

yes.

Jon Hardcastle:

yes.

Group hug - group hug.

So bu

So business is sentimental now? Must be alot of sentimental people if figures and maths are sentimental.