2017 Land Rover Range Rover Hse Diesel 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.

Xcar drives Jaguar C-X75, other Spectre villains of 007

James Bond returns to US theaters very soon in Spectre, and with the action-packed film wrapped, the producers are lending out the keys to some of the movie's automotive stars. We've already seen Jay Leno behind the wheel of Bond's Aston Martin DB10. Now, Xcar's Alex Goy has taken a turn in some of the flick's villainous rides from Jaguar Land Rover, including a very special Jaguar C-X75. The crew from JLR's Special Vehicle Operations team certainly did an impressive job of giving the movies baddies some appropriately nefarious rides. To challenge Bond, they turned the Land Rover Defender into a beast with chunky, off-road tires and blinding-spot lights. They also made the Range Rover Sport SVR even more diabolical than normal with a blacked-out look and LED lightbar. Of course, the king of Spectre's villain cars is the C-X75. According to Goy, most of the ones in the movie use the company's 5.0-liter, supercharged V8, but two are actually original prototypes with the hybrid setup. He gets to drive one of those special examples in this clip. While limited to some low-speed cruising, the coupe still looks wonderfully menacing on the road. Related Video:

Land Rover, Toyota big winners in ALG top resale value awards

"Residual value is important for automakers and consumers because it's a complete indicator of the vehicle's future value." - Larry Dominique
Toyota and Land Rover took home the top brand honors in ALG's 2015 Residual Value Awards, which will be presented this week at the Los Angeles Auto Show.