Category: Jaguar

  • “We’re ready”, say the Jaguar dealers in the US

    “We’re ready”, say the Jaguar dealers in the US

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    Ken Gorin, chairman of the Jaguar Business Operations Council said in an interview with Automotive News that American Jaguar dealers were ready to sell the new XF which will go on sale there next March.

    He also described 2007 as the worst year ever for Jaguar dealers. “When you’ve been through the worst, you’ve been through the worst,” he said. Last year company’s sales dropped 24.2% to 15,683 units on the American market. This is an average of less than 10 cars per month for each one of the 170 dealers.

    Gorin also hopes the future new owner will give the brand the destiny it deserves. Last december he said he wasn’t very happy with the idea to sell Jaguar coming “out of India.” In the interview he said that his comment was misconstrued.

  • Tata to pay £1.25bn for Jaguar and Land Rover

    Tata to pay £1.25bn for Jaguar and Land Rover

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    According to Economic Times of India, a deal will be concluded within two weeks and Tata Motors may pay £1.25 billion for the two British brands.

    The final price will depend on agreements on engine supply, component sourcing, financing and other support services for which Jaguar and Land Rover would have to continue depending on Ford.

    “The Tatas are in talks with Ford on other factors like the total pension liability. In case the company is able to strike a long term deal for engine supply, the pricing could go up,” said a senior consultant source.
    Ford is getting upset by Fiat keen interest in sharing technology between Jaguar and Alfa Romeo and an insider said Ford is “unlikely to conclude any agreement not in its interest and that would not necessarily include a third party”.

    Fiat then said it has “not had discussions … with Tata regarding this potential transaction or its participation in it.” On Monday, Tata Motors issued a statement clarifying that it “has had no discussions with Fiat on deployment of technologies developed by Jaguar and Land Rover”, the Economic Times said.

  • Jaguar’s Future Plans

    Jaguar’s Future Plans

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    The next Jaguar’s owner will buy an ambitious company which plans to expand its lineup new models in the coming years: a XF coupé, a possible XF SUV, a potential four door XK and a renewed XJ executive saloon.

    Jaguar executives never hid their plan to expand the XF lineup with several variants. The most likely variant to appear will be the XF coupé which will feature a more exclusive design but keep the saloon interior architecture and its engine range. The company wants to keep the price under £45,000. In addition to the coupé, Jaguar executives are considering building a convertible variant but it is unlikely to come to anything. Indeed, accountants are hesitant because of the expense generated by the technical changes and engineers don’t favor it because of large amount of work generated by a large fabric roof. A SUV variant is also in the pipes, but the stricter emission regulation and the shrinking SUV segment don’t plead its cause. An estate version is being also considered, but unlikely to go beyond the discussion stage.

    Aside the XF, XK might get a four door version set to compete with the Mercedes CLS. After all, Mercedes launched the CLS to compete with Jaguar. Secrecy surrounds the spec of the car due to be launched in 2011 although some observers believes that the car will feature a similar engine range to the XK’s with V6 and V8 petrol units. Insiders also talk about a sportier version of the XKR. Dubbed XKR-R, the super XK would be powered by a 500bhp 5.0-litre petrol engine thanks to a tuned supercharger and tweaked engine. The chassis would also be tuned and the XKR-R would reach a top speed of 180mph.

    Closer to us, the next-generation XJ will be launched next year. Like the outgoing model, the future limousine will be available with a choice of two wheelbases. This time, the shorter version will be roomy enough for two passengers at the rear.

    Source: Autocar

  • Tata to lead the Jaguar and Land rover bid

    Tata to lead the Jaguar and Land rover bid

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    It wasn’t a real secret but Ford has confirmed that Tata was leading the bid over the Jaguar and Land Rover sale. Lewis Booth, executive vice president – Ford of Europe and PAG, has declared that “Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.”

    Until now three potential buyers were in the race to buy the two carmakers. One was the Mahindra & Mahindra car maker and the other bidder was OneEquity. This is a good news for Tata but there is still a large amount of work before both parties sign an agreement. Lewis Booth said that “there is still a considerable amount of work to do, and while no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned.“

  • Tata to pay £1.05 billion for Jaguar and Land Rover

    Tata to pay £1.05 billion for Jaguar and Land Rover

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    According to PTI, Indian news agency, Tata has offered $2.05 billion/ £1,02 billion to Ford for both British brands while Mahinda & Mahindar has offered a smaller amount of $1.9 billion/££950 million. There is no mention of the third bidder OneEquity, but it is rumoured that Ford prefers an automotive company to take over the iconic British brands.

    An announcement should be made within two weeks with probably more details and 2008 should bring Tata’s plans over the future of the two brands and link with Ford. It is unknown whether Ford will keep an interest in both companies or not as it did with Aston Martin.

  • Tata to become Jaguar and Land Rover new owner

    Tata to become Jaguar and Land Rover new owner

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    According to the Sunday Times, Ford will announce in a few days that Tata won the Jaguar and Land Rover bid. This wouldn’t come as a surprise. Indeed, Tata was the favourite amongst unions and the company will likely be advised by Fiat on how to manage its new European brands. Tata also said it will keep the three factories.

    So, everything appears to be fine for Tata, but some Jaguar executive are concerned by the consequences over the brand image of an Indian cheap car maker buying a prestigious brand. In an interview, Ken Gorin, chairman of the Jaguar Business Operations Council, which represents Jaguar car dealers in the U.S., has said that Ford should sell the two brands to another bidder, One Equity Partners, a private equity arm of J.P.Morgan Chase (JPM). He’s reportedly concerned that the American public won’t accept a luxury-car brand such as Jaguar “out of India.”

    While the US are the largest markets for both brand, it might become a problem, but after all Ford is used to building crap cars there for years, so how would it be worse with Tata as owner?

  • Ford to get rid of Jaguar and Land Rover in first 2008 trimester

    Ford to get rid of Jaguar and Land Rover in first 2008 trimester

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    Ford expects to achieve the sale of its two British brands during the first 2008 trimester as it will close the bids today.

    “First and foremost in our minds is to make sure that we sell to a buyer that looks to grow (the brands),“ said Mark Fields at a presentation at a Ford training facility. “We’re still going through the process.“ Among the three contenders, Tata Motors is the favourite bidder for unions, but the highest bidder will likely be the winner as Ford is struggling to restructure its US business.

    Jaguar and Land Rover have been estimated at £750 million but according to the Indian press, bids had ranged between £750 million and £1.1 billion.

    Whoever the winner is, it will inherit a troubled Jaguar which might have a better future thanks to the well-received XF model and a Land Rover which will achieve its best year ever with 200,000 delivered vehicles.

    Source: Reuters

  • Jaguar has recorded 3,000 pre-orders for the XF in the UK

    Jaguar has recorded 3,000 pre-orders for the XF in the UK

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    In an interview with Just-Auto, Ford’s Chief Technical Officer, Richard Parry-Jones has revealed that Jaguar has recorded 3,000 pre-orders for the new XF in the UK. Those pre-orders exceed the forecast.

    Despite this good news, Jaguar remains on its guard and sales result will tell whether the British manufacturer succeeded or not. The XF will attract current S-Type owners but Richard Parry-Jones also thinks that the XF might “attract more design-aware people from the German brands.”

    The UK is not the only country where the XF pre-orders exceed forecasts. In the US, the new XF is generating a strong demand. Customers who order their car now will have to wait until May even though the car goes on sale in March.

  • First XF rolls off production line

    First XF rolls off production line

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    The picture you see here might become the symbol of a new era for Jaguar. By rolling off the first XF model yesterday at the Castle Bromwich factory, Jaguar is sending its heritage to the history books and is moving forward a troubled future. The XF is a 4.2 litre V8 SV8 model in a Vapour Grey paint. It will be given to the Jaguar Daimler Heritage Trust collection.

    The XF will be on sale in next March and first models will be delivered on the 65 markets on which the car will be exported. Thanks to a new labour agreement, Jaguar might use the Land Rover workforce to face a possible production increase due to high sales.

  • Jaguar C-XF: Concept Car of the Year

    Jaguar C-XF: Concept Car of the Year

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    The Japanese car magazine Car Styling has named the Jaguar C-XF concept car of the year. Akira Fujimoto, editor-in-chief at Car Styling, commented: “The C-XF was chosen for this award as it tries to achieve a sense of high quality by using new materials and new sensibilities, not only on the exterior but also in the interior. At Car Styling we can foresee that this comprehensive, high level of styling will be fully reflected in the new generation of Jaguars.”

    Unveiled at the Detroit Motor Show in January, the concept car announced the awaited new Jaguar saloon. More than a car, the C-XF was a revolution for the British carmaker, breaking years of tradition in design. With this car, Jaguar abandoned the unsuccessful current style to adopt a fresh new design language. The production car was launched at the Frankfurt Motor Show and encountered mixed reactions among specialists. American consumers, the main target, seem to appreciate the new Jaguar design, with a two month waiting list for potential buyers.

    For Jaguar’s Design Director, Ian Callum, it is a new prize to add to his collection. He declared: “It is a great honour for Jaguar to receive this award from such a reputable journal like Car Styling – a magazine that all designers have grown up with for the last 30 years. My colleague Julian Thomson and I both believe it has always demonstrated the very best in our profession, so it makes us particularly proud to receive this recognition for the C-XF.”