Profits jump at Jaguar Land Rover

Jaguar Land Rover, the Indian-owned car manufacturer, has reported a 34% rise in profits after sales hit a record high.

Indian-owned luxury carmaker Jaguar Land Rover announced Tuesday that it will ramp up vehicle production and create 1,000 new jobs at its Halewood car factory in northwestern England."Jaguar Land Rover (JLR) today announces the creation of 1,000 new jobs at its Halewood operations manufacturing facility, near Liverpool in the UK," it said in a statement.

After years in the wilderness, Jaguar Land Rover turned its business around and had a great 2012.

Tata-owned luxury carmaker Jaguar Land Rover said Friday it had struck a pay deal with trade unions that would safeguard the future of three plants open in Britain and create thousands of new jobs.JLR, a subsidiary of Indian giant Tata Motors, will invest billions of pounds in the plants.The new jobs will include 1,500 at the Halewood plant near Liverpool, northwest England, while the sites at Castle Bromwich and Solihull around Birmingham in central England will be retained, ending fears for their future.