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Jaguar and Land Rover profitable in 2007 says Tata

Jaguar and Land Rover profitable in 2007 says Tata

Viknesh Vijayenthiran April 2nd, 2008 Viknesh Vijayenthiran By Viknesh Vijayenthiran Author April 2nd, 2008
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December 31st, 1969 Ford never released financial data for individual carmakers within its Premier Auto Group so apart from a few masked reports here and there we were never able to get proper insight into the financial performance of brands like Jaguar and Land Rover. With India’s Tata finally taking over the two carmakers last week, new details have emerged about their true financial performance over the past 12 months. According to Tata Managing Director Ravi Kant, the combined businesses of Jaguar and Land Rover made a strong profit last year. Kant also said the combined operations were profitable in each of the four quarters of the year, reports Automotive News. While Land Rover is "very healthy and profitable," Jaguar was "turning around and is on the cusp of recovery," he revealed. As recently as 2006, Jaguar is thought to have lost more than $700 million, so these are strong statements coming from the Tata exec. If Jaguar and Land Rover were profitable last year it means Tata got an even better deal buying both carmakers for $2.3 billion than previously thought. However, there are major concerns about new emissions standards the new owners will have to deal with in the near future.
Jaguar and Land Rover profitable in 2007 says Tata

Jaguar and Land Rover profitable in 2007 says Tata

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Ford never released financial data for individual carmakers within its Premier Auto Group so apart from a few masked reports here and there we were never able to get proper insight into the financial performance of brands like Jaguar and Land Rover. With India’s Tata finally taking over the two carmakers last week, new details have emerged about their true financial performance over the past 12 months.

According to Tata Managing Director Ravi Kant, the combined businesses of Jaguar and Land Rover made a strong profit last year. Kant also said the combined operations were profitable in each of the four quarters of the year, reports Automotive News.

While Land Rover is "very healthy and profitable," Jaguar was "turning around and is on the cusp of recovery," he revealed. As recently as 2006, Jaguar is thought to have lost more than $700 million, so these are strong statements coming from the Tata exec.

If Jaguar and Land Rover were profitable last year it means Tata got an even better deal buying both carmakers for $2.3 billion than previously thought. However, there are major concerns about new emissions standards the new owners will have to deal with in the near future.

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Posted in: Jaguar, Land Rover, News


Comments (1 total)

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  1. By Delby #1, Posted: 4/3/2008

    Whatever The Case May be TaTa needs to realize that without having proper efficent technology for the near future both jag and LR will be non exsitent. So they need to make a push for new tech as soon as possible. Also they need to give jag and LR and identity that consumers can go by. i personally love jags new design direction even thought it strays away from its well known look but we all know that the good old days are over and the boys over the atlantic need to define a new look,style and technology for the 21st century hopefully TaTa is able to acomplish that only time will tell .

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