1997 Jaguar Xk8 Convertible on 2040-cars

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Jaguar Land Rover posts profitable quarter amidst big yearly losses

Jaguar has posted its first profit in quite some time, as the financial quarter ending on March 31 brought in a net income of $151.6 million. However, that is the light in the end of the tunnel, as full year results through March showed a $4.58 billion loss (GBP3.6 billion). The losses are again attributable to declining sales in China, with a whiff of the still-lingering Brexit process. While JLR's annual U.S. sales were up 8.1 percent, and U.K. sales improved by 8.4%, overall sales came down 5.8% to 578,915 vehicles. For April, Chinese sales nearly halved as they dropped by 46 percent. Earlier this year, JLR's woes caused its owner Tata Motors to post the biggest ever quarterly loss in Indian corporate history, at nearly $4 billion. JLR's CEO Ralf Speth stated that the company is "reducing complexity" and transforming its business by cost savings and cash flow improvements, citing the fourth-quarter profits as an example of the ongoing turnaround. Speth said JLR has already managed to deliver $1.59 billion (GBP1.25 billion) of efficiencies and savings. JLR says its turnaround program, dubbed Charge, will drive it to at least $3.18 billion (GBP2.5 billion) of investment, working capital and profit improvements by March 2020, and that it currently has $4.84 billion (GBP3.8 billion) of cash. Speth continued that JLR will "go forward as a transformed company that's leaner and fitter," and that the sustained investment in new products and technologies will drive future demand. There has been earlier speculation of Tata Motors selling JLR to the PSA Group, but as Autocar reports, Tata's financial chief again refuted these rumors. JLR also announced today that its CFO of 11 years, Ken Gregor is stepping down after 22 years with the company, and that he will be succeeded by JLR's Chief Transformation Officer, Adrian Mardell.

2016 Jaguar F-Type R AWD Beauty-Roll

For those of you paying attention, we've really ramped up the old Autoblog video game these days. Our new series Car Club USA joins Translogic and The List, and there are more Daily Drivers and Short Cuts than ever. But sometimes, all you care about is the car. The Autoblog Beauty-Roll video series has one goal: bring you glossy video images of cars, and nothing but. We're collecting moving pictures of all the cars we test, inside and out. Each episode comes with a hit of engine sound – start-up and with a few revs – to round out the package. Set your resolution to max, kick it into full-screen, turn up the sound, and enjoy today's subject, the 2016 Jaguar F-Type R AWD.

Jaguar F-Type SVR graphics package makes it look like the Project 7

If you missed out on buying a Jaguar F-Type Project 7 roadster a few years ago, Jaguar will now offer a way to get the next best thing. It's rolling out a new graphics package for the F-Type SVR that adds a set of stripes and contrasting accents that are very reminiscent of the special Project 7 and the race cars that inspired it. And since the current SVR makes the same power as the Project 7, you won't be missing out on much except the custom bodywork. Across the hood and fenders are similar horizontal stripes that only really differ in how the number "575" is included. This number represents the car's 575 horsepower. The front stripes are joined by more on the sideskirts and mirrors, with those on the sideskirts also getting the 575 designation. The stripes are complemented by a grille surround and wing end caps finished with the same color as the stripes. Jaguar will offer the graphics package in six color combinations. It can be had in white with red stripes, black with gold stripes, grey with blue stripes, red with black stripes, blue with grey stripes, or silver with black stripes. Also, while it will be a no-cost option overseas, it will add a bit to the cost of North American examples. Jaguar didn't say how much the option will be here, though. Related Video: Featured Gallery Jaguar F-Type SVR Graphics Package: Geneva 2018 View 11 Photos Related Gallery 2019 Jaguar F-Type SVR 575 with optional graphics View 13 Photos Image Credit: Live photos copyright 2018 Drew Phillips / Autoblog.com Design/Style Motorsports Jaguar Coupe Luxury Performance jaguar f-type svr jaguar project 7