Jaguar Land Rover’s revenue surge on Range Rover production November 9, 2022 Jaguar Land Rover’s revenue has surged over the last quarter driven by the ramped up production of Range Rover and Range Rover Sport models. The luxury car maker posted a revenue of £5.3bn – up 36 per cent on last year’s levels and 20 per cent higher than last quarter. Order book increase to 205,000 [...]
Ineos presented with £1.2bn bill to make Defender’s rival October 9, 2022 Ineos Automotive has been presented with a £1.2bn bill for its efforts to manufacture a rival to Land Rover’s Defender. Since its 2017 foundation, the car maker – a subsidiary of chemicals giant Ineos Industries – has faced several challenges, as first reported by the Sunday Times. Ineos doubled its losses to €212m (£193m) in [...]
Jaguar Land Rover to retrain 29,000 workers for EV transition September 28, 2022 Jaguar Land Rover (JLR) will retrain 60 per cent of its workforce for electric vehicle production as the luxury car maker presses the accelerator on its EV transition. Technicians as well as automotive engineers and production employees will be retrained to develop and maintain electric cars. JLR announced on Wednesday that, while Future Skills is [...]
Production delays and China lockdown constrain Jaguar’s profits July 27, 2022 Covid-induced production delays and the impact of China’s lockdown have constrained Jaguar Land Rover’s quarterly profits. In the three months ended 30 June, the luxury marquee posted a loss before tax of £524m, despite a record 200,000 client orders. This comes on the heels of its Indian owner, Tata Motors, suffered a loss of 50 [...]
Jaguar Land Rover’s owner threatens move to Slovakia following row with UK ministers May 27, 2022 Jaguar Land Rover’s owner Tata Motors has threatened to move its electric vehicle (EV) production to Slovakia following a row with UK ministers. The car maker has been locked in talks with the government over funding for its planned gigafactory, which could be built near Bristol or Redcar. Government sources told the Telegraph that Tata [...]
Jaguar Land Rover halts all sales to Russia while BMW’s Mini plant ends production due to Ukraine conflict March 2, 2022 Sales by car manufacturer Jaguar Land Rover (JLR) to Russia has been suspended following the invasion of Ukraine. The firm announced that it made the decision due to the “wellbeing” of its workforce and those “within our extended network”. Sanctions imposed on Russia have heavily restricted the ability of companies to sell goods there. JLR, [...]
Jaguar Land Rover registers £9m loss as chip shortages extend well into 2022 January 31, 2022 Jaguar Land Rover has registered a £9m loss in the three months ended 31 January, as a result of ongoing chip shortages that are expected to extend throughout the year. According to the automotive giant, the situation has somewhat improved compared with the previous three months because of Covid easing in southeast Asia. Jaguar reported [...]
Jaguar blames semiconductor shortages for sale slump January 13, 2022 Luxury car maker Jaguar Land Rover has blamed ongoing semiconductor shortages for its slump in sales. In the fourth quarter of 2021, the group sold 80,126 units, registering a total 37.6 per cent downfall on 2020 levels, as Jaguar’s sales went down 48.7 per cent while Land Rover’s fell by 34.5 per cent to 65,719 [...]