Jaguar Land Rover posts record $2.5 billion profit

  • Jaguar Land Rover posted record profits of $2.5 billion on Wednesday.

    Pre-tax annual profits were up by 11 percent, curbing a 36 percent drop in profits at the company's parent group, Tata Motors.

    Total global sales at Jaguar Land Rover increased by 22 percent to 375,000 vehicles.

    During the 2012-13 financial year, the company unveiled the new Range Rover, the Jaguar XF and XJ as well as the XF Sportbrake.

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