Jaguar Land Rover (JLR) may face delays in electric car battery deliveries from the Agratas gigafactory in Somerset, UK, due to construction problems. Agratas terminated its main contractor, Sir Robert McAlpine, and replaced it with Tonroe Group Ltd, pushing the start date further back from an already delayed January 2028 target.
Jaguar Land Rover (JLR) announced plans to increase hybrid car production and focus on growth in the US, delaying its full transition to electric vehicles. The company aims to double its US business by selling 250,000 more luxury cars to wealthy Americans, while also investing £18bn between 2024-2029.
A consumer commission ordered Jaguar Land Rover India to refund Rs 1.65 crore with interest to a buyer over manufacturing defects in a Defender SUV. The vehicle had performance issues, a missing feature, and unauthorized chassis modifications.
Jaguar Land Rover (JLR) is raising a £2 billion, five-year loan from multinational banks to refinance upcoming debt. The company chose a loan over bonds due to market volatilities. Several major banks are underwriting the deal, which is expected to be syndicated to around 20 lenders.
Jaguar Land Rover and General Motors are among carmakers considering a £900m UK defence contract to supply thousands of 4x4s for the armed forces. This move capitalizes on increased NATO defence spending, with first deliveries expected in 2030.
Jaguar Land Rover's annual profit plummeted to £14m, a 99% drop from £2.5bn last year, due to US tariffs impacting US demand and a devastating cyber-attack that halted production for months, alongside challenges in the competitive Chinese market.
Government officials said in December that Britain’s largest automotive employer could lead exodus from UKJaguar Land Rover would have considered moving car production out of the UK and slashing jobs if not for a £380m subsidy for its sister battery company, government officials claimed privately.Officials at the Department for Business and Trade (DBT) warned in December that Britain’s largest automotive employer may have triggered an exodus from the UK car industry, according to state aid documents prepared by the competition regulator. Continue reading...
