Jaguar Land Rover Automotive plc, the UK’s largest vehicle manufacturer, today reported its results for the Quarter ended June 30, 2017, showing an encouraging customer response to the company’s innovative product portfolio. Retail sales for the quarter reached 137,463 vehicles, up 3.5% on the previous year led by the 2017 World Car of the Year, and Women’s Car of the Year award-winning Jaguar F-PACE (up 86% year on year), following a sequence of successful market launches. Continuing strong demand was seen for well-established models such as the flagship Range Rover (up 14%) and freshly launched models such as the long wheelbase Jaguar XFL in China (boosting overall XF sales by 22%).
Ahead of the Range Rover Velar arriving in showrooms, retail sales for Jaguar Land Rover reached 51,591 vehicles this month, up 11.0% on June 2016. Retail sales for the quarter totaled 137,463 vehicles, up 3.5% compared to the same quarter last year. Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in Overseas markets were down 8.5%, due to challenging conditions in emerging markets such as Brazil, the Middle East and Russia.
Jaguar Land Rover North America, LLC today reported May 2017 U.S. sales: Jaguar sales were 3,113 units, a 44 percent increase from 2,164 units in May 2016; Land Rover sales increased slightly to 4,993 units; Jaguar Land Rover May U.S. sales for both brands hit 8,106 units, a 14 percent increase from 7,114 units in May 2016. Year to date, Jaguar Land Rover is up 22 percent in the United States. We are very pleased to see the continued sales growth for both the Jaguar and Land Rover brands. The Jaguar brand continues its sales momentum driven by the strong performances of the XE and F-PACE and the Land Rover brand with the Range Rover Sport, Discovery Sport and the arrival of the new Discovery, which is in showrooms now. — Joe Eberhardt, President and CEO, Jaguar Land Rover North America, […]
Tata Sons, the holding company for JLR parent company, Tata Motors, has ousted its CEO, Cyrus Mistry. Temporarily taking the reins will be Tata family insider, and former CEO Ratan Tata. The Indian conglomerate is conducting a four-month search to determine who will be next at the helm. Mistry, 48, was the sixth chairman in Tata’s 150-year history. The firm controls 100 companies worldwide, including Tetley Tea and Tata Steel. No information has been forthcoming as to the reason for Mistry’s exit, though rumors abound that there were questions regarding Mistry’s stewardship of the company. Some news outlets are reporting that Tata felt Mistry was selling off too much of he company holdings, and therefore not protecting the Tata “family jewels.” Mistry was also the first Tata CEO to not be a member of the Tata family.
Jaguar Land Rover’s Halewood plant is today celebrating after helping the UK’s largest car producer, claim two ‘Manufacturer of the Year’ titles in less than a week. On Friday 17 June, Jaguar Land Rover was named as Britain’s Manufacturer of the Year at the Made in the UK Awards and last Thursday night the company, represented by the Halewood plant, took the Manufacturer of the Year title at The Echo Regional Business Awards. This latest award success sees the Merseyside-based plants award tally rise to 13 since 2011.
Jaguar Land Rover today announced that it is to double the size of its Engine Manufacturing Centre (EMC) as part of a £450m expansion programme. This latest news from the UK’s leading manufacturing investor is a clear signal of the company’s long-term commitment to Britain. Total investment in the site, which opened a year ago, now stands at £1bn making it the most significant new automotive manufacturing facility to be built in the UK in the last decade. The EMC is home to the high technology, low emission Ingenium engine – Jaguar Land Rover’s first venture into in-house engine manufacturing in a generation. In just twelve months, the Midland based facility has moved from prototype production to full-scale manufacture with more than 50,000 engines coming off the production line.
Jaguar Land Rover, the UK’s leading manufacturer of premium luxury vehicles today reported best ever October retail sales of 41,553 vehicles, up 24% on October 2014. The company sold 390,965 vehicles in the first ten months of 2015, 2% up on the same period in the prior year. Retail sales for the month of October were 40% up year-on-year in the UK, 74% up in North America, 24% up in Europe and 9% up in China. Other overseas markets were down 5% for the month, reflecting the challenging macro-economic environment in countries such as Russia and Brazil.
Jaguar Land Rover has signed a Letter of Intent with the Government of the Slovak Republic for the potential development of a new manufacturing plant in the city of Nitra in western Slovakia. With its established premium automotive industry, Slovakia is an attractive possible development opportunity. The move marks the next step in the Company’s strategy to become a more competitive global business by expanding its manufacturing operations into new international locations in the future. The UK is the cornerstone of Jaguar Land Rover’s business. It remains at the centre of Jaguar Land Rover’s design, engineering and manufacturing capabilities. Over the past five years, Jaguar Land Rover has employed more than 20,000 people taking its workforce to more than 36,000 and invested more than £11 billion in new product creation and capital expenditure.
The Jaguar lineup will significantly expand in 2016 with the addition of the brand’s all new, aluminum intensive Jaguar XE compact sports sedan which will join the modern Jaguar sedan lineup alongside the all-new Jaguar XF and Jaguar XJ sedans. A true driver’s car, the Jaguar XE redefines the concept of the sports sedan thanks to its advanced lightweight construction, streamlined styling, luxurious interior, and outstanding ride and handling. The XE goes on sale in 2015 in global markets and in 2016 in the United States and Canada. Manufacturing of the aluminium-intensive Jaguar XE occurs at Jaguar Land Rover’s Solihull plant in an all-new facility. Part of a £1.5bn investment, this flexible, purpose-built site will create 1,700 UK jobs. The Jaguar XE 35t model provides responsiveness and refinement from a supercharged 3.0-liter V6. Generating 340hp and 332 lb-ft of torque, […]
Jaguar Land Rover’s importance to the West Midlands has been spelled out as business minister Lord Mandelson considers a rescue package for the embattled UK car industry. The Indian-owned company is critical for the future of the region, according to Mick Laverty, chief executive of development agency Advantage West Midlands. And JLR chief executive David Smith urged the government to support the industry’s “jewel in the crown” with funds to help it to survive the recession and credit crisis. Mr Laverty and Mr Smith were speaking at a round table meeting held at a Birmingham restaurant that was hosted by government manufacturing adviser Professor Lord Kumar Bhattacharyya, head of the Warwick Manufacturing Group. He claimed that JLR would have “gone into thin air” in the present crisis had Ford sold it to private equity interests instead of Tata Motors of […]