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Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump

MUMBAI — India's Tata Motors on Wednesday announced a turnaround plan for its luxury car unit Jaguar Land Rover, which has been hit hard by trade tensions between China and the U.S., low demand for diesel cars in Europe and worries over Brexit. Under "Project Charge," Tata Motors said it plans to cut costs and improve cash flows at Jaguar Land Rover (JLR) by 2.5 billion pounds ($3.2 billion) over 18 months. JLR also plans to launch several new vehicles, including the Jaguar I-Pace and the new Range Rover Defender over the next few years and will offer a hybrid or full-electric version of all its models by 2020. "Together with our ongoing product offensive and calibrated investment plans, these efforts will lay the foundations for long-term sustainable growth," JLR CEO Ralf Speth said after Tata Motors reported a quarterly loss. JLR has trimmed its pre-tax profit expectations for the current fiscal year ending March 31, 2019, and expects to break even, Speth said, versus an earlier target of profit growth. As part of the turnaround plan, JLR will first focus on cash-saving "quick wins" like reducing non-product investments and speeding up asset sales, Tata Motors said in an investor presentation. In the near term it will improve efficiency in areas including purchasing and material cost, manufacturing, logistics and people, and will focus on strategic and non-core asset sales. JLR has already reduced the number of production days at its UK plants in Castle Bromwich and Solihull. The company said in its presentation it has saved 300 million pounds since it initiated the turnaround plan six weeks ago and is working on 500 ideas for the future. Tata Motors reported a loss of 10.49 billion rupees ($141.9 million) for the July-September quarter, compared with a profit of 24.83 billion rupees in the year-ago period. That was worse than the estimate of a loss of 2.40 billion rupees, according to Refinitiv data. JLR reported a loss of 101 million pounds during the quarter and its margin on earnings before interest, tax, depreciation and amortization (EBITDA) fell 130 basis points to 9.9 percent. Retail sales of its Jaguar sedans and Land Rover sport utility vehicles (SUVs) fell 13.2 percent to about 130,000 units, hurt particularly by tariff changes in China and escalating trade tensions. Demand in China remained muted even after the country cut import tariffs for cars and car parts to 15 percent for most vehicles from 25 percent from July.

Junkyard Gem: 1985 Jaguar XJ6

The Series III Jaguar XJ was built for the 1979 through 1992 model years, the final chapter of a quarter-century of the iconic original Jaguar XJ (though production of the straight-six model ended in 1987). Thanks to notoriously troublesome electrical systems and rapid depreciation, but blessed by stay-of-execution-obtaining beauty, most of these cars were parked under blue tarps in driveways before the end of the 1990s... awaiting repairs that never came. Here's one that I spotted in a San Francisco Bay Area self-service wrecking yard over the winter. If you were serious about driving a Jag during the easy-money 1980s, you needed the optional wire wheels. That showed those rubes in the BMW 735s and Mercedes-Benz 500SELs what real class was all about. The 4.2-liter version of Jaguar's legendary straight-six engine made 176 horsepower in 1985. That was six fewer than the 735i's six and eight fewer than the 500SEL's V8. However, the XJ6 cost $32,250, versus $36,880 for the BMW and $51,200 for the Benz. Given that the Jag offered at least as much (and maybe more) status on the street, its price tag looks like a pretty good deal. Of course, the electrical stuff would have a few issues, but so what? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lovely Rita learns to fear the Jaguar in this British Leyland advertisement. Featured Gallery Junked 1985 Jaguar XJ6 View 17 Photos Auto News Jaguar Luxury Sedan jaguar xj

Jaguar SUV mule doing Ring testing in Evoque clothes

Jaguar has moved its Range Rover Evoque-bodied tests of the production C-X17 Concept from icy streets to the legendary Nürburgring, as work continues on the brand's first SUV.
Really, there's not a great deal of new stuff here. Based on the number plates, this is a different vehicle from the one we saw back in March, which we originally identified as the upcoming replacement for the Land Rover Freelander/LR2. The details, though, appear largely the same. The biggest distinction we can see between the March tests and this are the US-spec headlights, which add amber reflectors at their sides. Based on these shots, it does seem as if the C-X17 should be a fairly poised road vehicle, as the engineers hustle it around the 'Ring.
Of course, as soon our spies can capture images of a production-bodied C-X17, we'll be sure to pass those on to you. Until then, take a look up top for images of the Range Rover-bodied Jaguar as it tests at Germany's Nürburgring. You can also scroll down for our March images for the C-X17 mules testing on public roads.