The Car Hub

On a bleak November day how good it is to receive the brilliant news that a former British car maker such as Jaguar Land Rover is making money again.
The Indian owners of JLR, Tata Motors, have reported profits of £41.3million for the 3 months to September. Sales volumes in that period totalled 44,300 with the British market showing an increase of 34%, Chinese sales up 2.1% while the USA’s figures were down 7.3%.
It seems a sad state of affairs that prestigious car names such as Jaguar and Land Rover have to be sold to a foreign buyer who then re-organises the companies back to profit. Why could negotiations at home before a sell out not have produced these results; dogma, heads-in-the-sand?
Once again there’s less family silver left in the drawer, not such a bright day after all.