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Jaguar turns down offers to join V8 Supercars, questions AMG, Volvo participation

Rumors have swirled in recent weeks that Jaguar may be the next manufacturer to join the V8 Supercars racing series, made popular in Australia but now well-known in other parts of the world as well. Sadly, Jag's participation is not to be. In fact, it would be "insane," according to Jaguar Land Rover Asia Pacific Managing Director David Blackhall, for it to accept either of the two offers it has received to bring Jaguar into V8 Supercars.
Not only is Jaguar not interested in entering V8 Supercars, says Blackhall, it also fails to understand the recent entries from AMG and Volvo. "I don't know what it does for AMG to get flogged by a V8 Commodore week after week, but it's their brand, their issue. And the same thing will happen to Volvo to be honest."
Judging by Blackhall's statements to motoring.com.au, after not-so-serious consideration, the automaker decided the monetary commitment it would take to compete for wins would be more than any potential exposure would be worth, despite the fact that Jaguar has a 5.0-liter V8 to go along with what would seem to be a tailor-made rear-wheel-drive chassis. For what it's worth, one offer would have had Jaguar putting its name across an engine made by someone else, an option that was flatly turned down.

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)

Lister teases 675-hp, 200-mph Stealth SUV

In the middle of 2018, Lister unveiled what was then called the LFP, intended to be the world's fastest SUV. The initials stood for Lister F-Pace and the dark green hulking beauty was based on, surprise, the Jaguar F-Pace SVR. Except where the F-Pace SVR used a supercharged 5.0-liter V8 producing 550-horsepower to claim a 176-mile-per-hour top speed, the LFP would wring that engine out to 675 horsepower in order to hit 200 miles per hour. Since that time, Lister's rolled out other models such as the F-Type convertible-based LFT-C 666 and Knobbly roadster continuation cars. At last, the LFP is ready for primetime, and it brings the new name of Lister Stealth with it. According to CEO Lawrence Whittaker, all the firm is waiting on is for the UK's lockdown to end, then the high-rise double-ton party can start. For now, we have a teaser video with a few quick visuals of the dangerously aggressive bodywork and a microphone-melting clip of someone dancing on the throttle. Save for the audio distortion, it looks and sounds superb. The ingredients of the transformation from F-Pace SVR to Stealth remain secret. As Pistonheads pointed out, the 675-hp Lister Thunder, based on the F-Type SVR hardtop, installed a new supercharger pulley, air filter and intercooler, a freer exhaust, and a remapped ECU to unlock 100 more horses. It's reasonable to expect the same template as a starting point for the Stealth. If the crossover can hit its 3.5-second mark from zero to 62-miles per hour, it will beat everything we can think of that isn't a Tesla, and the Stealth will top all comers if it nails the promoted top speed. Whittaker said production stops at 250 units, with orders having already come in. The price starts at "around GBP140,000," equal to about $175,000 greenbacks. Tiff Needell, who raced Lister cars in the 1990s, has been lined up for video presentation work once the proper launch takes place. If we're lucky, Needell will be the one to show and tell us what the Stealth can do, occasionally sideways, with lots of smoke. Related Video: