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Strong JLR sales in China boost Tata Motors' quarterly profit

BENGALURU, India — Tata Motors Ltd on Friday posted a 67.2% surge in quarterly profit. Sales at its luxury car unit, Jaguar Land Rover (JLR), improved in key market China as the country led a recovery in the global automobile industry from the pandemic. The Indian carmaker had logged losses for three straight quarters as the COVID-19 pandemic dented business in several of its key markets even as it was already dealing with uncertainties around Brexit, weak demand and rising costs. The Brexit trade deal agreed upon in December has avoided the risk of tariffs on automotive parts and finished vehicles, Tata Motors said, adding that JLR remains encouraged by the Brexit trade deal. JLR sales in China jumped 20.2% on-quarter and were 19.1% higher from the year-ago period. Retail sales at the unit, which accounts for most of the company's revenue, were up 13.1% from a quarter ago, but still 9% lower than pre-pandemic levels. The company said it had saved 400 million pounds ($548.96 million) during the December quarter at JLR under Project Charge, taking the total savings to 2.2 billion pounds so far. Tata Motors has set a full-year target of saving 2.5 billion pounds. Consolidated net profit came in at 29.06 billion rupees ($398.52 million) for the third quarter, compared with a profit of 17.38 billion rupees a year earlier. It had reported a loss of 3.14 billion rupees in the previous quarter. The festive season in mid-November, during which Indians typically make big-ticket purchases, also helped overall sales. "Due to a strong festive season and a clear preference for personal mobility, the PV business posted its highest sales in last 33 quarters," Tata Motors Chief Executive Officer and Managing Director Guenter Butschek said. Total revenue from operations rose 5.5% to 756.54 billion rupees.

2018 Jaguar E-Pace (almost) revealed in new spy photos

Each time we've seen the Jaguar E-Pace out testing, it has been covered in a variety of fake plastic body parts to obscure the actual body. Finally, Jaguar relaxed its camouflage campaign, giving us the chance to see the car's bodywork almost entirely exposed. The only disguise this car was wearing was a form-fitting vinyl wrap. The test car in question confirms a number of our suspicions. The rear hatch is, indeed, extremely raked, which gives the vehicle a sportier look, though will surely reduce cargo capacity. If this crossover was coming from one of the German automakers, they would probably call this a "coupe." The front and rear fenders are also rather exaggerated, and the rear haunches are accented by a rising window line that ends in a pinched-off quarter window. The nose and tail of the crossover are pretty standard Jaguar. The layout of the lights and grilles are generally what you would find on its big brother, the F-Pace. The headlights appear to have some sort of LED arrangement as there are no clearly defined projector or reflector elements. Of course, there's no guarantee that these lights will be used across the line-up. They may just be a feature on higher trim levels. Now that we've also seen the car with so few covers and with production-ready sheet metal, we now expect to see the E-Pace fully revealed in person very soon, probably by the end of the year. It will likely be a 2018 model, and may share engines and drivetrains with the Land Rover Range Rover Evoque, since the body shape matches that of a vehicle with a transverse mounted engine. Related Video: Featured Gallery Jaguar E-Pace Spy Shots View 30 Photos Image Credit: KGP Photography Spy Photos Jaguar Crossover SUV Luxury jaguar e-pace

Jay Leno's Garage features funnyman's 1963 Jaguar E-Type

Jay Leno looks inward on this episode of his eponymous garage, checking out a 1963 Jaguar XKE that he bought earlier this year. It is an example of his favorite kind of car, that being original and unrestored. He bought the E-Type from its first owner, a woman who purchased it new, held on to it for 50 years and took excellent care of it. Having never been in an accident, Leno says even the paint is 85- to 90-percent original.
In the video, the XKE sits in front of two heavily modded XK120s and another '63 XKE, but Leno said all he's done - and all he plans to do - is clean it up and put on a modern set of wire wheels for safety.
He's not on any junket and there are no guests, it's just a guy talking about an object dear to his heart. If you need a refresher on the excellent genes of the new F-Type, check out the video below.