2010 Jaguar Xk on 2040-cars

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Jaguar Land Rover posts profitable quarter amidst big yearly losses

Jaguar has posted its first profit in quite some time, as the financial quarter ending on March 31 brought in a net income of $151.6 million. However, that is the light in the end of the tunnel, as full year results through March showed a $4.58 billion loss (GBP3.6 billion). The losses are again attributable to declining sales in China, with a whiff of the still-lingering Brexit process. While JLR's annual U.S. sales were up 8.1 percent, and U.K. sales improved by 8.4%, overall sales came down 5.8% to 578,915 vehicles. For April, Chinese sales nearly halved as they dropped by 46 percent. Earlier this year, JLR's woes caused its owner Tata Motors to post the biggest ever quarterly loss in Indian corporate history, at nearly $4 billion. JLR's CEO Ralf Speth stated that the company is "reducing complexity" and transforming its business by cost savings and cash flow improvements, citing the fourth-quarter profits as an example of the ongoing turnaround. Speth said JLR has already managed to deliver $1.59 billion (GBP1.25 billion) of efficiencies and savings. JLR says its turnaround program, dubbed Charge, will drive it to at least $3.18 billion (GBP2.5 billion) of investment, working capital and profit improvements by March 2020, and that it currently has $4.84 billion (GBP3.8 billion) of cash. Speth continued that JLR will "go forward as a transformed company that's leaner and fitter," and that the sustained investment in new products and technologies will drive future demand. There has been earlier speculation of Tata Motors selling JLR to the PSA Group, but as Autocar reports, Tata's financial chief again refuted these rumors. JLR also announced today that its CFO of 11 years, Ken Gregor is stepping down after 22 years with the company, and that he will be succeeded by JLR's Chief Transformation Officer, Adrian Mardell.

Junkyard Gem: 2002 Jaguar XJR

One thing that's a constant in the big self-service car graveyards is the presence of massively depreciated European luxury sedans. These cars come from the factory stuffed full of complex leading-edge technology, and they require the owner to check every box on the maintenance schedule, year after year. Once that 10-year-old A8 or S-Class reaches its fourth owner, broken stuff often goes unrepaired, convenience-store generic oil goes in the engine (that is, if the engine even gets any new oil), and the European Luxury Sedan Doomsday Clock starts ticking. Here's a factory-hot-rod Jag that sold new for quite a bit more than a BMW 745i and just 20 bucks less than a Mercedes-Benz S430, back when Enron's machinations were in the news and a lot of energy-industry execs were about to get their luxury sedans repossessed, now in a Colorado self-serve yard. We live in a golden age of forced-induction engines in U-Wrench junkyards, with all sorts of turbocharged and supercharged machinery just waiting to provide the raw materials for a really stupid engine swap. The 4.0-liter, 370-horsepower V8 in the 2002 XJR would be just about perfect for installation into, say, a Datsun Maxima. This yard charges just $44.99 plus $10.60 in core charges and environmental fees for any supercharger, be it the dime-a-dozen Eaton M62 found on GM 3800s or the mighty M112 that was once buried between the heads on this engine. Thing is, you need to get to a car like this immediately after it hits the yard, because the first junkyard shopper with sufficient tools is going to grab that ultra-cool blower right away. The price tag for this car started at $71,830, which comes to about $105,550 in 2020 dollars. We can assume that some four-figure repair became necessary, and that this car's final owner had to let it go to the highest bidder with cash on hand… which turned out to be U-Pull-&-Pay. Look, you could still get a cassette player in a high-end luxury car in 2002! When do you suppose CD players will finally disappear from new cars? Here in the junkyard, the lowly Kia becomes equal to the majestic Jaguar. Perhaps their metals will be reused in a Geely next year. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The security of knowing you'll never, ever lose it in the parking lot. Featured Gallery Junked 2002 Jaguar XJR View 20 Photos Auto News Jaguar Automotive History Sedan jaguar xjr Junkyard Gems

Entry-level Jaguar X-Type successor due in 2015, crossover a year later

Jaguar's future product plans keep on slipping, slipping, slipping onto the internet, and the latest on it's entry-level luxury challenger is a 2015 due date. According to Automobile magazine, "most significant game-changer from Coventry" will be arriving on the same PLA platform that supports the Jaguar XJ and 2013 Range Rover. Kacher says the small sedan has already got the green light as codename X760, and will bow first as a four-door sedan, then as a crossover a year later.
This puts a date to a recent Autocar report that a small sedan and crossover were in the works. We've been getting reports of and concepts for a successor to the X-Type ever since Tata bought Jaguar - like the Bertone B99 concept last year, and this enthusiast concept more recently - since everyone knows it's what has to happen for "a new Jaguar" to succeed. We're looking forward to seeing what the English maker comes up with; if it remains true to form, it could be one of the few luxury competitors whose distinct model each look, well, truly distinct.