Wednesday, April 6, 2011

Auto Industry's Castoffs Benefit From New Owners


Just as Ford is finishing up its sale of Jaguar and Land Rover to the Indian firm Tata, the brands are experiencing a renaissance in sales. JLR posted profit of $443 million in the most recent quarter, something it rarely achieved while under Ford ownership.  It is now exploring building cars in China, something Volvo, another former Ford brand, is also exploring.

Auto Industry's Castoffs Benefit From New Owners - WSJ.com

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