Jaguar Land Rover has announced record profits of more than £2.6billion.
The pre-tax earnings for the year to 31 March are a rise of £113million on the previous year.
The company says it means they can invest in a long term future. They unveiled three new cars in the last year and opened their manufacturing centre in Wolverhampton.
Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long-term future. This has positioned the company strategically and financially for continued sustainable growth.
The past year has been one of significant achievement, with the expansion of our vehicle ranges and our manufacturing footprint.
We are committed to delivering further growth this year, maintaining our relentless pace of launching new models and introducing innovative technologies for our discerning customers around the world.”
The leader of Northamptonshire County Council says forming a ground-breaking alliance with two other counties would bring billions of pounds worth of investment and create thousands of new jobs in the area.
Northamptonshire, along with Oxfordshire and Buckinghamshire are going to put a joint devolution bid to the Government this summer.
Whilst keen to stress this would not merge the council councils, they would work together on key issues.
The county council says the alliance would ‘swell’ economic growth by a further £9 billion, creating at least 135,000 new jobs by 2020.
"This area has an economy larger than that of Greater Manchester and we'd like similar devolved powers, over transport and strategic planning in particular.... As the name suggests, England's Economic Heartland is one of the powerhouses of the UK economy but we believe we can further build on our competitiveness in global markets with this innovative new model, and help ensure the UK is an even more prosperous major economy.
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