Jaguar and Land Rover profitable in 2007 report Tata
Jaguar and Land Rover both turned a
profit in 2007, according to new owners Tata Motors who bought the British
marques from Ford last week.
Having just got its corporate feet
behind the desks of Jaguar and Land Rover, Tata Motors has wasted no time in
wading through a stack of Ford's paperwork to discover that figures for 2007
depict that, jointly, Jaguar and Land Rover, turned over significant
Tata's man in the swiveling hot
seat – Managing Director Ravi Kant – revealed that results illustrating all four
quarters last year showed profit.
Ford never released figures for
Jaguar and Land Rover, but most industry analysts speculated that while Land
Rover turned a decent profit, Jaguar was comfortably in the red. 2006 statistics
indicated a loss of $700m for the Big Cat.
Tata recently announced $1.5bn of
investment into J-LR to plough into development of new vehicles over the next
few years. Both brands have several new models in the pipeline.
Whichever way it turns out, the
thought that should be uppermost in Tata's minds right now are how they intend
to address the concerns over emission standards, and how its new purchases are