The owners of Warwickshire car giant Jaguar Land Rover say the company made over a billion pounds in profit last year. 
It means the car giant has enjoyed record profits.
Indian owners TATA say car sales went up by 26 per cent to 243,621 thanks to new Jaguar XJ and Land Rover models and an increase in sales in their emerging market of China.
The results represent a massive turnaround in the firm’s fortunes and come just 2 years after they asked the government for help to stay afloat.
Last year the company did a U-turn and decided to keep its 3 UK factories open after originally announcing either Castle Bromwich or Solihull would close.
Last month JLR also confirmed it had started to recruit 1,000 new engineers to work on research and development at Gaydon in Warwickshire and Whitley in Coventry.
Land Rover is also due to launch it’s new model in Birmingham tomorrow.
Posted: Thu May 26, 2011 4:49 pm