Jaguar Land Rover Deliveries Increase, Profits Fall After Brexit Hurts The Pound

In the second quarter of the year, Jaguar Land Rover shifted 16 per cent more vehicles than Q2 2015. However, after tax profits fell considerably from $646 million to $399 million as a result of the British voters decision on the referendum concerning their country’s status in the EU.

The threat of a Brexit caused JLR to lose $272 million because of poor exchange rates after the value of the pound plummeted.

Range Rover sales have declined and Land Rover ones rose only by 4 per cent. A massive 76 per cent surge in Jaguar deliveries following the introductions of the XE sedan and the F-Pace crossover, though, more than offset that.

In the three months of April, May and June, Jaguar delivered a total of 31,800 cars while Land Rover hit 100,900, the first time in its history sales have hit the six figure mark.

PHOTO GALLERY

2020 Toyota Supra Driver Floors It, Crashes Right Into A Tree

The driver was probably trying out some kind of mod, but lost control of the Supra and crashed into a tree.

2020 Audi S8 Offers Supercar Performance Wrapped In Comfort And Luxury

The S8 has a rather discreet styling, but with 563 HP and a plethora of safety and comfort features, it’s very tempting.

Holden’s Project Monaro Is A Wonderful One-Off – And You Can Win It

The one-off Holden Monaro in question is painted Panoramo Blue Suede.

2019 LA Auto Show Preview: A-To-Z Guide To All The Debuts

Here’s a full list of all the world and North American vehicle premieres happening at the 2019 LA Auto Show .

Bad Driver Gets Instant Karma After Near Collision

Following the close call, the driver cut off a cop and got pulled over.

2020 Mercedes GLA Will Debut In “A Few Weeks”

Mercedes will reportedly skip auto shows and debut the 2020 GLA online.

1954 Jaguar XK120 Needs More Than A Dust-Off To Be Brought Back To Life

The classic Jaguar XJ120 will be auctioned off online between November 20 and 27 for an estimated $32k-35k.

Is This The Steering Wheel From The 2021 Corvette Z06?

If so, the Z06’s steering wheel will have carbon inserts and a red center line marker.

Consumer Reports Names The Chevrolet Camaro And Colorado The Least Reliable Cars In America

Chevrolet had the worst models, but Cadillac was rated the least reliable brand.

Customers Dumping Chevrolet And Ford Following The Death Of The Cruze And Focus

Cruze and Focus owners are now buying Civics and Corollas.