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Tata to shed 1,100 Jaguar Land Rover jobs after coronavirus hits earnings

BENGALURU — India's Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target at its luxury unit by 1 billion pounds ($1.26 billion) to ride out the disruptions caused by the coronavirus outbreak. Tata Motors expects to save 5 billion pounds in costs by March 2021 at its Jaguar Land Rover (JLR) unit, the Indian automaker's Chief Financial Officer PB Balaji said on Monday, adding 3.5 billion pounds of the savings had already been achieved. It will also reduce capital expenditure at JLR to 2.5 billion pounds for the current fiscal year, from the more than 3 billion pounds it has spent annually in previous years. "Conserving cash and prioritizing capital expenditure, and targeting investment spending to the right areas is our focus," Balaji told reporters, after the company posted a fourth quarter loss. We anticipate that up to 1,100 agency employees will be affected, a JLR spokeswoman said in a separate statement. Tata Motors is reviewing all its businesses and would consider exiting those that do not add strategic value, as part of a broader effort to save 60 billion rupees ($789 million) in its domestic business in the fiscal year to 2021. The automaker on Monday posted a consolidated fourth quarter net loss of 98.94 billion rupees, as coronavirus lockdowns across its markets ravaged sales, including at JLR. Total revenue from operations fell 27.7% to 624.93 billion rupees in the quarter, which ended March 31. JLR, which contributes the bulk of Tata Motors' revenues, reported a pre-tax loss of 501 million pounds for the period after it took a hit of 800 million pounds because of the novel coronavirus, Balaji said. He said there were signs sales were recovering in China, one of JLR's biggest markets, as well as in the United States and in Europe, with strong orders for Land Rover's sport-utility vehicle Defender and Range Rover's Evoque. JLR's boss Ralf Speth, who has led the company since 2010, will step down from his role at the end of his contract term in September. ($1 = 76.0446 Indian rupees) ($1 = 0.7954 pounds) (Reporting by Chandini Monnappa in Bengaluru and Aditi Shah in New Delhi; Editing by Shounak Dasgupta and Sriraj Kalluvila)

Chris Harris finds the Jaguar F-Type R Coupe rather drifty

Our own Matt Davis may have called the new Jaguar F-Type R Coupe "one heady rascal," but our review was disappointingly short on drifting, tire smoke and general, English shenanigans. You know, the sort of things that Chris Harris from Drive excels at.
Actually, relative to Harris' other reviews, this one is rather serious. There's a good recap of the F-Type on the road, with Harris referencing the car's "great bottom" and "amazing ass," quite frequently. Surprisingly, Harris says the more powerful F-Type R is just "incrementally" faster than the 495-horsepower F-Type V8 S Convertible. Following the on-road portion, it's off to the track. You can probably predict what goes on there. Overall, aside from some quibbles, Harris has nothing but praise for the newest cat.
We've got the entire video available below. Scroll down, have a look and let us know what you think in Comments.

Junkyard Gem: 1977 Jaguar XJ6L

British Leyland began selling the Jaguar XJ in 1968, and production continued through multiple platform generations (and corporate owners) until just a few years ago. The original XJ was facelifted twice, in 1973 and 1979, with sales of the six-cylinder version extending into 1987 (Series 3 cars with V12s were built through 1992). Production numbers were never very high, but these cars proved popular in the United States and I still find them every so often during my junkyard travels. Here's a Series 2 XJ6 saloon that showed up in a Denver-area self-service yard last winter. Jaguar introduced a long-wheelbase version of the XJ saloon for 1972, giving it a four-inch stretch in order to better compete against the planned Rover P8. Since Rover was a fellow British Leyland brand, this was like Buick pouring big resources into crushing a threat from Oldsmobile, to the detriment of the overall company. In any case, the long-wheelbase saloons proved so successful that the short-wheelbase four-doors got the axe a couple of years later (the coupes stayed on the shorter chassis). Jaguar continued to add the "L" badging to the saloons for quite a while after that, presumably because it looked classy. The paint on all the upper body surfaces has been nuked down to the steel by the relentless High Plains sun, so we can assume that this car spent a decade or three sitting parked outside. It may have started out in Arizona, one of the few places with fiercer sunlight than eastern Colorado. Is it possible that it really turned a mere 46,630 miles during its life? With most cars of this vintage, I'd assume that the five-digit odometer has been turned over once or twice. With a Jaguar and its troublesome electrical components made by the Prince of Darkness, however, that's not such a sure bet. To own a car like this, you need to be willing and able to give it the money and work it requires to stay on the road; not many are suited to this responsibility. The interior looks to have been in very nice condition before the car got parked in a field somewhere. The wood interior trim has seen better days. Back in the 1970s, Mercedes-Benz had a big edge over Jaguar with mechanical sophistication and build quality, granted, but Jaguar beat those Stuttgarters hands-down when it came to making a car interior feel like a billionaire's library. The engine is a 4.2-liter XK6 straight-six, rated at 162 horsepower and 225 pound-feet.