Land Rover is roaring back after the industry’s worst downturn with its best UK performance since, well, 1948!
We’re talking 11,000 vehicles sold in the month of March in the UK (according to the Society of Motor Manufacturers and Traders). Guess the worst recession to hit the automotive industry since the 1960’s is now officially over.
That’s good news for everyone, of course, but especially for Tata Motors, who took an enormous leap of faith to plunge into the purchase of Jaguar Land Rover at a time when the industry faced a somewhat less than promising future. What had been a deficit of 49 million pounds for the three month period ending in June of last year is now a profit of 22 million pounds to end the third quarter this year.
We will have to wait and see, though, if this new-found sales recovery will have any effect on the proposed closure of Castle Bromwich or Solihull later this year.
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