8/2/2023 0 Comments Land rover to due to chip![]() (Photo by National Motor Museum/Heritage Images/Getty Images) Getty Images Keeping the business lean and keeping a handle on costs will be as important to the long-term future of the business as the right products, given the upheaval that the industry is going through, especially now that it feels that JLR is somewhat behind the electrification curve despite getting the I-Pace to market before many of its rivals,” Fletcher said in an email exchange.įletcher also sees problems if Land Rover tried to join Jaguar in the rarified Aston Martin stratosphere.ġ955 Jaguar XK140. JLR has cut its breakeven volumes to around 280,000 units, well below where it had been. ![]() “The latest financial results are positive, and the foundational work done to reduce costs has helped hugely. He is much more positive on the ultimate outcome for JLR and doesn’t expect Tata to sell it. S&P Global Mobility autos analyst Ian Fletcher said JLR has made progress in cutting costs and lowering its breakeven point and agrees it lags in the electric race. ![]() At the end of the quarter the order book was 215,000. Sales to dealers in the quarter increased 15% to just under 80,000. In the third quarter ended December 31, 2022, JLR earned profit before tax of £265 million ($320 million) compared with a loss of £9 million in the same period of 2021 and has forecast “near breakeven” for the whole financial year. ![]() I believe the challenge through 2023 will continue to be supply rather than demand,” Automotive News Europe quoted him as saying. Last week, interim CEO Mardell told analysts normal production without constraints would be about 40,000 vehicles a month, up from around 27,000 currently. Since 2019, JLR and BMW have been jointly developing electric car technology. A Jaguar F-type (Photo by VCG/VCG via Getty Images) VCG via Getty Images ![]()
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