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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)

Jaguar XJ220 owners will finally be able to get new tires

Bridgestone announced today that the underserved Jaguar XJ220 used-car market would finally have access to new tires. Apparently a number of years ago, companies stopped supplying road tires for the XJ220 altogether. Don Law, owner and operator of XJ220 parts and restoration company Don Law Racing, brought the issue to the attention of Bridgestone. Now, Bridgestone and Don Law have assembled a team that includes the vehicle's original chief development engineer and test driver to create a modern tire for the 213-mph supercar. Bridgestone was also able to get access to pre-production car 004 for testing purposes. The company plans to have the new tire ready for the car's twenty-fifth anniversary next year. From the sound of it, the tire will likely outperform the original one, as Bridgestone's vice president of consumer OE tires cited the advancement of tire technology over the years when talking about the project. This whole project also raises an interesting question. Are there any other supercars that don't have original equipment tire options anymore? The XJ220 certainly wasn't the only supercar of the '90s with fat tires on relatively small-diameter wheels. Also, what will happen to the tire market for modern supercars? The Bugatti Veyron famously has special tires designed to handle its extremely high top speed. It certainly is an interesting first-world conundrum, and one we're going to keep tabs on. Related Video:

Jaguar F-Pace 300 Sport, 400 Sport create new trims below SVR

Jaguar has introduced two new F-Pace trims in the UK, one of which we expect to make it our way. Dubbed the F-Pace 300 Sport and F-Pace 400 Sport, they also welcome Amazon Alexa integration to the whole F-Pace range. Both Sport trims come standard with gloss black roof rails, privacy glass, and the Black Pack that dresses the badges, bumpers and intakes, sills and greenhouse trim in gloss black. A set of 21-inch wheels is also standard, the Style 5105 design also in gloss black. A 22-inch Style 1020 forged wheel in either gloss black or with satin black inserts or gloss silver with contrasting inserts. Inside, the Sports get Ebony Suedecloth headliners lording over Windsor leather slimline performance seats and Satin Charcoal Ash veneers, plus premium cabin lighting with 30 available colors. The F-Pace 300 Sport is powered by the automaker's Ingenium 3.0-liter six-cylinder diesel mild hybrid with 296 horsepower (300 PS) and 479 pound-feet of torque. This is the one we don't expect to make land in the U.S. The F-Pace 400 Sport would be the one for us, assuming it leaps the Atlantic. The F-Pace Sport models follow the creation of the E-Pace Sport last year, and that trim on the smaller crossover didn't come to America, hence the uncertainty. Back to the matter: The F-Pace Sport 400 is powered by the Ingenium 3.0-liter straight-six gasoline mild hybrid with 395 hp (400 PS) and 406 lb-ft. Prices in the UK start at GBP62,250 ($80,900 U.S.) for the D300 AWD Auto 300 Sport, and GBP68,520 ($89,050 U.S.) for the P400 AWD Auto 400 Sport. The duo add Alexa voice control to their infotainment suites, the ability to request anything online or change the temperature in your second bedroom at home now officially an F-Pace thing. Jaguar says it will add Alexa integration to every F-Pace globally that's fitted with Pivi Pro Infotaiment via an over-the-air update. Wireless Android Auto and Apple CarPlay are now also standard.   Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.