October 12th, 2011 by Car and SUV
Following the path cut by other luxury carmakers, Jaguar and Land Rover are gearing up for a full scale assault on the Chinese market. Despite a cooling international market, the Chinese have a strong appetite for foreign luxury cars and Jaguar/Land Rover want a piece of the action.
Earlier this year there were reports that Jaguar and Land Rover owner, Tata Motors, would invest heavily in the two brands in order to improve their sales. It was also revealed that Tata was considering options for assembly and localization of selected Jaguar Land Rover products in China.
But it’s not easy getting a foothold in the Chinese market, you can’t just roll in and build a manufacturing plant. According to the Chinese law, you need to have a local partner. Which leaves JLR looking at possible joint ventures. Apparently, JLR has decided to form a partnership with Chery, and the two companies are already seeking approval from local authorities to go ahead with their business plan. Continue reading “Jaguar and Land Rover to make move on Chinese market” »
June 3rd, 2010 by Car and SUV
Jaguar’s future is looking brighter than it has for sometime with it now safely secured by financial backer Tata Motors. With a stable footing the iconic automaker is now becoming more ambitious in its efforts to expand its model range. Tata has signed on for a yearly investment of £1 billion for the next five years, which means Jaguar has the funding it research and develop new products. In a recent interview Jaguar Land Rover boss Carl-Peter Forster apparently confirmed that a few new models are in the pipeline, including the F-Type sports car (pictured), which was first seen in concept form way back in 2000.
This isn’t the first time that F-Type production has been rumoured, and there’s been plenty of speculation about what the new sports car will look like. What is likely is that the new Jag will compete with the likes of the Porsche 911 and the Audi R8.
When can we expect a production F-Type to hit the streets? Wouldn’t hold your breath, but Jaguar are keeping busy at the moment so plans will be already well underway.
August 6th, 2009 by Car and SUV
Jaguar has become known for its extensive use of aluminum in the construction of its vehicles, and the weight and dynamics advantages that are achieved when compared to traditional steel-bodied cars. Now, it has been revealed by Tata Motors chairman Ratan Tata that all future Jaguar and Land Rover models will make even greater use of aluminum in their bodies – a move that will help Jaguar and Land Rover models reduce weight and improve mileage and efficiency figures into the future.
Tata Motors, owner of Jaguar and Land Rover, revealed the information through Ratan Tata’s comments in his company’s annual report. The news comes after massive losses were recorded for Jaguar and Land Rover during 2008, with numbers around the negative £673.4 million mark.
These losses were in part blamed on high development costs for new models, as well as the declining luxury car market, but vehicle production costs were also a factor. Using aluminum in the construction of cars is no doubt more expensive than using steel, but Jaguar and Land Rover are gambling on the efficiency gains that the material affords to attract environmentally-conscious buyers n the future.
July 28th, 2009 by Car and SUV
The sharp downturn of the world’s luxury automotive markets has taken a major toll on Jaguar/Land Rover, with the company’s bottom line taking a huge hit. According to a Financial Times report the once British luxury marques lost 673.4 million pounds ($1.6 billion NZ) in 2008. That’s a massive swing from the 641.5 million pound profit the British brands earned in 2007. Tata Motors stated last month that Jaguar/Land Rover lost 306 million pounds for the financial year ending March 2009.
The Financial Times report comes as Tata Motors is working on a deal with the British government to provide short-term financing for the iconic brands. The report goes on to say that the U.K. government is willing to provide a 175 million pound commercial bridging loan to keep operations running. There is a potential stalemate with Tata Motors wanting a 12-month loan, while the British government would prefer a six-month term, along with representation on the board.