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| Jaguar Land Rover posts record car sales figures | Jaguar Land Rover posts record car sales figures |
| (about 3 hours later) | |
| Car maker Jaguar Land Rover has posted record sales for 2013 with nearly half a million cars sold worldwide. | Car maker Jaguar Land Rover has posted record sales for 2013 with nearly half a million cars sold worldwide. |
| This was up almost a fifth for the company, which has plants in the West Midlands and Merseyside. | This was up almost a fifth for the company, which has plants in the West Midlands and Merseyside. |
| The US, Germany and India are now the Indian-owned manufacturer's fastest growing markets. | The US, Germany and India are now the Indian-owned manufacturer's fastest growing markets. |
| The figures came amid a resurgence in the wider vehicle market as the economy recovers both in the UK and in many key markets overseas. | The figures came amid a resurgence in the wider vehicle market as the economy recovers both in the UK and in many key markets overseas. |
| The Land Rover brand sold 350,000 vehicles worldwide last year, accounting for over 80% of Jaguar Land Rover's total sales. | The Land Rover brand sold 350,000 vehicles worldwide last year, accounting for over 80% of Jaguar Land Rover's total sales. |
| Staff increase | Staff increase |
| Jaguar itself saw sales volumes increase by 42% in 2013 as customers in the US, India and Germany bought its luxury cars. | Jaguar itself saw sales volumes increase by 42% in 2013 as customers in the US, India and Germany bought its luxury cars. |
| Jaguar Land Rover is hiring nearly 2,000 extra people to meet demand, bringing its total staff in the UK to more than 26,000. | Jaguar Land Rover is hiring nearly 2,000 extra people to meet demand, bringing its total staff in the UK to more than 26,000. |
| Last week, the Society of Motor Manufacturers and Traders said car sales in Britain were at their highest since 2007 thanks to a recovering economy, cheap financing packages and repayments of mis-sold payment protection insurance. | Last week, the Society of Motor Manufacturers and Traders said car sales in Britain were at their highest since 2007 thanks to a recovering economy, cheap financing packages and repayments of mis-sold payment protection insurance. |
| Among the firms benefitting from the global turnaround is Volkswagen, which announced last week that its luxury brands - Porsche, Audi and Bentley - had achieved record sales in 2013, aided by demand for high-end cars in emerging markets such as China and India. | |
| BBC business correspondent Joe Lynam said Jaguar Land Rover had seen a remarkable turnaround in its fortunes. | BBC business correspondent Joe Lynam said Jaguar Land Rover had seen a remarkable turnaround in its fortunes. |
| At the height of the recession, the company's Indian owners asked for financial support from the British government. | At the height of the recession, the company's Indian owners asked for financial support from the British government. |