1994 Jaguar Xjs Convertible 6 Cylinder on 2040-cars

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Watches and whisky: two more ways to celebrate the Jaguar E-type's 60th birthday

It was 60th years ago on March 15 that Jaguar famously unveiled its E-type sports car at the Geneva auto show, after having driven a coupe and a convertible down from England overnight. And while the British automaker is commemorating the milestone with six specially restored vintage E-type coupe-and-convertible pairs, that leaves many fans shut out. For those seeking a less-spendy way to honor the occasion, there are two new options: a commemorative watch and rally timer boxed set, and a special whisky. British watchmaker Bremont has created a special watch to mark the occasion. The automatic chronograph features a black face with either a green or a gray bi-directional rotating bezel and matching leather strap. The colors reference the green roadster and gray coupe that debuted at the show. On the back, the movement is visible through a sapphire glass window, there's a rendition of the E-type's three-spoke steering wheel, and each watch is numbered. The textured crown features the tread pattern of the E-type's Dunlop racing tires. Each watch comes as a boxed set with a two-instrument rally timer with a stopwatch and a clock. The instruments are mounted on an engine-turned metal plate and can be displayed in a wood case or fitted into a vehicle. The price for the watch-and-rally-timer duo is $16,495, and 60 in each watch color will be made. As an added enticement, buyers can attend a Jaguar Classic experience in the U.K. wherein they get a chance to drive three vintage Jaguars. If 16 large is still a little rich for your budget, Bremont makes several other Jaguar-inspired timepieces: the $4,895 MkIII, the $6,695 MkII, the $6,895 D-type, and the $8,995 MkI. Or maybe you'd prefer to toast the E-type's birthday with some brown liquor. Might we suggest the Glenturret E-type 60th Anniversary Single Malt Whisky? It hails from Scotland's oldest distillery and comes with a presentation box and a key ring. No driving experience, alas. The whiskey is limited to 265 bottles, the number corresponding to the 265 horsepower in the original E-type. The whiskey is available direct from Glenturret at 1,500 GBP (about $2,100) plus shipping. Auto News Jaguar

California adapts ZEV mandate with PHEVs for smaller automakers

California is the nation's largest market for zero-emissions vehicles with over 100,000 of them estimated to be on the roads there. The state's goal is to keep that number growing every year. To that end, the California Air Resources Board is now tweaking its rules in a way that might not boost ZEVs but could mean more plug-in hybrids for the Golden State. Jaguar Land Rover, Mazda, Mitsubishi, Subaru, and Volvo asked for an exemption to the state's zero-emissions vehicle mandate last year due to their relatively small development budgets compared to larger automakers. CARB denied their request but did craft a compromise, according to Automotive News. Rather than being required to offer a ZEV in the state, companies with an annual global revenue of less than $40 billion, like those in this group, may instead sell plug-in hybrids to earn ZEV credits. The companies aren't completely off the hook, though. If these plug-in hybrids don't earn enough credits, the corporations must buy them on the market to make up the difference. Automakers with popular electric models like Nissan and Tesla have made a big business through this trading system by selling their surplus to rivals. Tesla alone pocketed $51 million in the first quarter from this part of its business, according to Automotive News. The changes to the regulations also aren't set in stone, yet. CARB is meeting in 2016 and could adjust things further at that time. Related Video: News Source: Automotive News - sub. req. via Hybrid CarsImage Credit: Justin Sullivan / Getty Images Government/Legal Green Jaguar Land Rover Mazda Mitsubishi Subaru Volvo Emissions Electric Hybrid California zev credits zero emissions vehicle

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.