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Jaguar Land Rover reward Tata with car finance profit

From years of financial obscurity, is Jaguar Land Rover finally a fully profitable company? Well, after the £1bn profit it made last year for Tata, it would seem they are.

From years of financial obscurity, is Jaguar Land Rover finally a fully profitable company? Well, after the £1bn profit it made last year for Tata, it would seem they are. The unbelievable car finance profit was made largely due to a massive hike in sales, which ballooned from 193,982 cars in the year previous to 243,621. Tata claims this rise is thanks to the Chinese market and a healthy currency exchange rate.

And there seems to be more good news in the works, too, as the company is gearing up for the UK release of the Evoque in September. Jag Land Rover CEO Dr Ralf Speth said: "We have committed more than £1bn a year over the next five years to the creation of new and exciting products which will strengthen Jaguar Land Rover's position in the global marketplace."

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