The Best Car Magazine You Surely Need


Posted September 11, 2019 by JaguarMagazine

The financial situation of Jaguar Land Rover (JLR) has been worsening to the point that the British group chooses to cancel production of models.

 
First, as we have reported here, Land Rover was obliged to inform customers who ordered the Range Rover SV Coupe - that only 999 units would be made, at around 400,000 euros each - that, after all, Rolls- rival Royce Cullinan would not be produced. Two weeks later, another cancellation: Discovery SVX, which was introduced in 2017 and was due to start production last year, has been confirmed dead. If the project went ahead, this would be the model that would put Discovery on a whole new level off-road.

Not only that, as it would be fitted with a 5.0-liter supercharged V8 petrol engine, delivering a maximum output of 525 hp and 625 Nm, professionals from the UK Special Vehicle Operations Technical Center also changed the engine. suspension, to face the most difficult terrain with greater ease. The Jaguar World Magazine offers you all the information about the same, this is why you can have the perfect detail.

The interior of the Discovery SVX would be even more luxurious as it is the responsibility of Special Vehicle Operations.

The New Confirmations

Confirmed that these plans are not going to come out of the drawer, Bloomberg, based on JLR internal sources, says India's Tata Motors would be in a position to solve the problem by putting three options on the table: selling all assets to another builder, dispose of part of the shares or find a partner to share costs with. However, the group controlling JLR (which is already being penalized for poor results ) belies any sale intent, asserting that “rumors are false that Tata Motors is trying to get rid of its stake in JLR” .

Certainly, a decade after buying the two brands from Ford for $ 2.3 billion, Tata sees its 'jewels' become a heavy burden. In 2018, JLR lost money in three quarters, with losses in the last quarter amounting to 3.9 billion euros. A record that stained Tata's history. With the Jaguar World Magazine you can now find the perfect details.

The coming times are no longer auspicious. Along with falling sales in the Chinese market, JLR has to solve quality problems . Meanwhile, in the United Kingdom, where it employs 4,500 people, its operation is being severely penalized by Brexit. To address these difficulties, the Project Charge plan is underway.

About the Company: The premier and original independent Jaguar magazine in the world is filled with everything the new and established Jaguar owner/devotee wants.  We cover the latest models driven, introduce the personalities, find the rare cars, report of restorations, highlight the classics and cover everything from 1922 until right now.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By JAGUAR MAGAZINE
Phone 954-579-5280
Country United States
Categories Business
Tags jaguar world magazine
Last Updated September 11, 2019