Tale of Two Economies Continues as Jaguar and Land Rover Sales Jump 81%
Are you depressed about all the headlines focusing on unemployment and the jobless recovery? To some people that story may as well be unfolding on another planet.
Indian super power car manufacturer Tata Motors Ltd. (TTM) just announced “sales at Jaguar and Land Rover jumped 81% last quarter. Dispatches from factories of the two vehicle brands climbed 59% during the quarter to 57,153 units.”
That is quite the recovery considering Jaguar and Land Rover vehicles faced a stunning lack of demand just after Tata Motors bought the two luxury brands for $2.3 billion from Ford Motor Co. in 2008. This is another piece of evidence that the world is not going to Hades on one big Boeing Dreamliner.