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Ralf Speth joined the TVS Motor board this March, a few months after he retired from Tata Motors-owned Jaguar Land Rover where he led the business as its chief executive.
Here's the secret to their success. Jaguar Land Rover hasn't had it easy over the past few years. It never became the BMW and Audi rival now-former CEO Ralf Speth envisioned despite investing billions in new models and global facilities. His successor, Thierry Bollore, recently announced a plan that will see a dramatically scaled-back and EV-only Jaguar alongside a more well-funded Land Rover. Jaguar's inability to compete with the Germans forced Bollore to either kill it or turn it into an ultra-luxury brand with fewer models and higher profit margins. He chose the latter. Land Rover will ma...
Has Jaguar Land Rover given up on BMW dream? The Coventry car maker had been striving to become a 'British BMW' Jaguar Land Rover is teaming-up with BMW to develop electric drive units (EDUs) (Image: Coventry Telegraph) Never miss another story from Coventry and Warwickshire by subscribing to our free email updatesInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow me...
Jaguar’s futile attempt to take on BMW and Mercedes is over. As Automotive News explains in an in-depth look at Jaguar’s turnaround plans, former CEO Ralf Speth’s ambitions to sell one million Jaguar and Land Rover cars globally, didn’t work, and landed the company with a massive debt, putting the entire future of the Jaguar brand in doubt. Despite some strong growth, and success of the I-Pace EV, Jaguar sales have faltered, dipping to just 102,402 in 2020, a fall of almost 37 per cent. No doubt the coronavirus pandemic played a part in that slump, but it can’t shoulder all the bla...
Print Jaguar’s display at the 2019 Shanghai auto show. The brand has been cutting costs since its fortunes in China shifted sharply that year. In autumn 2019, Jaguar Land Rover invited guests from around the world to witness the opening of the new Jaguar design center in Gaydon, England. At 129,000 square feet, the studio was a third larger than the one the team had vacated and matched in size the adjoining Land Rover design space. The studio, part of a wider $700 million overhaul of JLR's engineering facilities, was the latest in a series of expensive capital investments aimed at helping C...