Tata – Page 932 – I wish I had more to offer

Jaguar I-PACE Dealer Inventory In U.S. Hits 6-Month Supply

Jaguar I-PACE dealer inventory in the U.S. is now comparable to about six months of sales The Jaguar I-PACE sales both in the U.S. and globally regularly averages above 10% of overall sales of the brand, but many wonder about the long-term demand. During the first six months of this year, Jaguar sold some 9,077 I-PACE, including… Continue reading Jaguar I-PACE Dealer Inventory In U.S. Hits 6-Month Supply

Jaguar Land Rover looks to forge “strategic, tactical partnerships” to be future-ready

Luxury car and SUV manufacturer Jaguar Land Rover, which has weighed heavy on owner Tata Motors’ Q1 FY2020 numbers, is making moves to better its performance. As it advances on a major cost-cutting drive, it also recognises the need to be future-ready. Towards that objective, the Tata Motors-owned company is looking at striking new partnerships even as it faces some major headwinds.

Speaking at Tata Motors’ annual general meeting in Mumbai today, chairman N Chandrasekaran said: “The only way to handle this need for capex is additional investment through partnerships, because we want to spread the investment. There are many discussions underway from tactical to strategic.”
This could mean the company could forge new connections with established automotive players globally or even with start-ups. Something similar to what global automakers like Daimler and the BMW Group are doing.

Addressing shareholders, Chandrasekaran also said that Jaguar Land Rover witnessed growth in China during July 2019, for the first time in a year. The market slowdown in China meant a sizeable drop in JLR’s volumes, between 40-50 percent. “But I'm hopeful because for the first time in 12 months, we are seeing a positive volume growth in China in July. Last month it recovered and this month it looks good. But we need to wait for a couple of more months to see whether there's a trend,” said Chandrasekharan.

Brexit impacting JLR's supply chain
Another issue impacting the luxury carmaker's future growth is Brexit. The danger and impact felt by automakers in Britain in leaving the European Union without a trade deal in place will be much more of Jaguar Land Rover than any other company.

“The real concern is if Brexit were to happen with a deal or no deal, what will be the impact on our supply chain? Jaguar imports millions of components from other parts of the world, particularly Europe into UK. In the situation of Brexit, there's a possibility of a supply chain breakdown which essentially means production cannot happen, inventories are to be maintained and some of the losses that we are seeing is also because we have to calibrate the supply chain,” said Chandrasekaran.

“Like any other auto company, JLR has to invest in future technologies to address the move away from ICE to hybrid and electric. It also has to invest in future models, make necessary investments in areas like shared mobility, and also beyond that. That's very important to stay alive in this ecosystem. All this means is there is a need for capital investment if you want to be future-ready.”

“During the past 12-18 months, we have cut down capex from around £4.5 billion (Rs 34,483 crore) to £3.98 billion (Rs 30,499 crore) last year. We are working towards cutting down further but we can't take a very drastic cut. These opportunities keep coming and we keep evaluating every one of these opportunities and as long as it is in the interest of Tata Motors, we will forge such partnerships so that we are able to address the capex,” said Chandrasekaran.

It may be recollected that Jaguar Land Rover’s CEO, Ralf Speth, has repeatedly warned of the damage a No-Deal Brexit could cause if cars made in the UK but exported to Europe carry a tariff, or if parts required to build cars in the UK are required to undergo border checks. He has estimated the potential cost to the firm to be up to £60m (Rs 510 crore) per day.

Also read: Toyota commits $600m in new JV with China's DiDi

Daimler sees investment by long-term ally BAIC Group

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Hyundai and Rimac upbeat on electric sports car and high-performance FCEV plan

Proposed FCA, Renault merger will create world's third largest OEM

Mahindra and Ford to jointly develop midsize SUV for India and emerging markets

An Interview with Atlis Motor Vehicle CEO Mark Hanchett and Lead Designer Ross Compton – Core77.com

Electric vehicles, you’ve heard they’re going to be everywhere soon. That’s a realistic forecast for dealer lots at least, as most manufacturers are ready or close to introducing new all-electric models. Watch out for VW’s launch of the ID hatchback later in 2019, the first EV of an 8 model lineup. Porsche is close to… Continue reading An Interview with Atlis Motor Vehicle CEO Mark Hanchett and Lead Designer Ross Compton – Core77.com

Fisker teases electric SUV’s front end, promises recycled materials inside

Henrik Fisker maintains the car's starting price will be below $40,000.

Road/Show by CNET article by ANDREW KROK

There's more than a little Range Rover inspiration in those headlights.

Henrik Fisker has taken the slow-burn approach to introducing his new electric SUV. We've seen a series of design teasers, most of which have come directly from the famed car designer's Twitter account, and what do you know, that's where the latest teaser has come from, too.

Henrik Fisker on Saturday posted a new picture of his upcoming EV SUV's front end to his Twitter account. While we've seen this part of the car in teasers before, they were limited to design mockups. This, however, appears to be its production-ready form. It's not much different from the previews, with some interesting angles on the hood and lower bumper. There's also a trick daytime running light design from LEDs in both the headlights and the bumper.

In addition to the picture, Fisker said in the tweet that his company hopes to make “the world's most sustainable vehicle.” In addition to a starting price below $40,000, Fisker claims that the interior is mighty spacious and makes use of recycled materials. In a reply to a different person's tweet, Fisker said he's keeping the interior a secret until its proper unveiling, which is scheduled for later this year.

Thus far, we still don't know much about Fisker's new EV. We know there will be a turn signal in the D-pillar, as well as a solar roof, and based on the few teasers we've seen, it's clear that the SUV will rock a shape that's at least a little bit blocky. It's believed to have a range north of 300 miles, but any mention of range should wait until the EPA or WLTP has the chance to test it. Fisker hopes to have the car on sale in 2021.

There's bound to still be a turn signal in the taillight, right?

Topics:
Fisker News,
Fisker EVs,
Innovation,
Design,
SUV,
Electric Vehicle

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Chesil E Speedster Is Your Next Electric Porsche 356 Electric Kit Car

This is the first product after Westfield bought Chesil. Nowadays, with running restrictions to cars in many cities, even mainstream manufacturers are willing to convert their classics into EVs. Jaguar, for example. But what if you could buy a classic that is already electric? Or build it yourself? This is what the Chesil Motor Company… Continue reading Chesil E Speedster Is Your Next Electric Porsche 356 Electric Kit Car

BAIC Selects Magna For Complete Electric Vehicle Manufacturing

Magna to produce up to 180,000 electric vehicles per year in China for BAIC, starting in late 2020 The partnership between BAIC Group and Magna in China deepens as the two – with a blessing from the Zhenjiang government – agreed on a complete vehicle manufacturing joint venture. According to a framework agreement, Magna for… Continue reading BAIC Selects Magna For Complete Electric Vehicle Manufacturing

Ineos Grenadier SUV plan powers ahead – Daily Record

INEOS boss Jim Ratcliffe’s plan to develop a back-to-basics 4×4 – ProjektGrenadier – has moved a step closer with news that it will be powered by BMW engines. Both petrol and diesel units will be provided by the German marque and the Grenadier is due to go on sale in mid-2021. Precise details of which… Continue reading Ineos Grenadier SUV plan powers ahead – Daily Record

Renault cuts 2019 targets after H1 profit and revenue decline

A 6.4% H1 2019 decline in revenues and 11.8% dip in operating profit during the first half of the year have prompted Renault to cut its sales targets for the full year. The French car manufacturer’s total revenues in the period to June 30 slipped to €28.1 billion as its operation profit declined to €1.5bn.… Continue reading Renault cuts 2019 targets after H1 profit and revenue decline

27.06.2019 Gestamp inaugurates a new plant in Slovakia Gestamp today ina…

Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, today inaugurated a new plant specializing in aluminum in Nitra (Slovakia). Gestamp invested nearly 130 million euros into the new facility that intends to serve Jaguar Land Rover who recently started operations in Slovakia. More… Continue reading 27.06.2019 Gestamp inaugurates a new plant in Slovakia Gestamp today ina…

Thursday Morning Auto News, Jul 25, 2019

‘Not a lot to like’ – Analysts pan Tesla as the shares are slammed on poor results – CNBC: “We continue to believe Tesla is fundamentally overvalued but strategically undervalued,” Morgan Stanley said. “Overall, we doubt this quarter will …
Tesla Tech Chief’s Exit Is Latest High-Profile Departure – Wall Street Journal: In January, Tesla surprised investors when it announced during another earnings … Mr. Straubel outlasted Martin Eberhard, another founder of Tesla.
Tata Motors posts wider quarterly loss on weak JLR sales – Nikkei:
Diesel Chevy Silverado 1500 pickup blows past Ford F-150, Ram in mpg – Freep: “Any consumer looking for a fuel-efficient, powerful option can find one in the diesel option of America’s favorite vehicle, the pickup truck,” Diesel …
Eight Months After Ghosn’s Exit, Nissan Remains Stuck in a Rut – Bloomberg: A weaker Nissan means less clout for the carmaker in its alliance with … Saddled by aging car models such as the Juke and Murano, Nissan sold 6% …

Four automakers, California strike compromise on vehicle emissions – Reuters: Ford Motor Co, BMW AG, Volkswagen AG (VOWG_p.DE) and Honda Motor Co said on Thursday they have reached a …
Stocks making the biggest moves premarket: 3M, Comcast, Raytheon, Southwest, Tesla & more – CNBC: Names on the move ahead of the open.
Jaguar Land Rover posts £395 million loss due to falling sales – Autocar: Jaguar Land Rover recorded a £395 million loss in the last three months, due to declining sales and the impact of a planned Brexit shutdown – but …
VW Q2 operating profit rises 30% as utility vehicle push pays off – Automotive News: VW expects vehicle deliveries in 2019 to exceed last year’s figure and for revenues in the passenger cars and commercial vehicles divisions to grow at least 5 percent.
ABB cautions on China as robotics sales flag – Reuters: ABB Ltd (ABBN. … Demand for cars in Europe is 3.1% down in the year to date while Mercedes maker Daimler this week also …
DiDi, Toyota to set up JV for smart fleet management – Xinhuanet: The two parties announced collaboration on the e-Palette, a self-driving modular store in January 2018, and have piloted vehicle-related services for …
Tata Motors first-quarter loss nearly doubles – Reuters: Tata Motors Ltd reported a bigger quarterly loss on Thursday, as a slump in demand for cars continued at home, while plant shutdowns and delays resulting from issues arising due to Britain’s planned exit from the European Union also hurt earnings.
Earnings tumble at automakers, but VW defies the gloom – Reuters: More evidence has emerged of tough times for the auto sector following weak numbers at Ford, Nissan and Tesla. But Volkswagen is defying the …
Alphabet’s Sales Under Microscope After Last Quarter’s Debacle – Bloomberg: … year and updates on progress in hardware and Other Bets, which includes its self-driving car unit Waymo, according to UBS analyst Eric Sheridan.
The Little Hybrid That Could, and Still Can – New York Times: When Honda introduced the first hybrid vehicle in America, the 2000 Insight, there was technological wonder, but few would call …
Aston Martin Bear Says It Needs to Raise a Billion Pounds to Catch Up With Ferrari – Bloomberg: The only analyst with a sell rating on Aston Martin Lagonda shares says the luxury carmaker will need to raise at least a billion pounds ($1.25 billion) in *fresh* …
Aston Martin fails to sell Vanquish’s tooling, design drawings – Automotive News: Aston Martin has written off 19 million pounds ($24 million) after the sale of the tooling and design drawings of the automaker’s Vanquish …
China exports gasoline to Mexico, Nigeria amid overflowing output – Reuters: … confidence as the trade war continues, reflected also in slumping car sales, said … Gasoline demand growth is also sliding as Chinese automobile sales, … (GRAPHIC: China’s auto sales in 12 months decline – tmsnrt.rs/2MlLS4b).
India’s auto parts makers warn of 1 million job cuts if slowdown continues – Reuters: India’s auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the slowdown in vehicle sales …
Nissan will cut 12500 jobs as Q1 profit nearly wiped out – Automotive News: Nissan said it is axing 12,500 jobs after reporting its quarterly profit was nearly wiped out, hurt by an aging product lineup and a slide in …
Volkswagen to boost SUV sales to 40% of total by 2020 – Reuters: Volkswagen expects the proportion of sports utility vehicle sales to rise to 40% by 2020, from 25% last year, Chief Financial Officer Frank Witter said on …
Nissan to cut 12,500 jobs, more than double initial plan – Nikkei:
Nissan Earnings Sees 99% Profit Plunge – Bloomberg: Nissan reports a 99% plunge in first-fiscal quarter operating profit. Bloomberg’s Dani Burger reports on “Bloomberg Markets: European Open.” (Source: …
Nissan to Cut 12500 Jobs as It Struggles After Ghosn’s Arrest – Wall Street Journal: Nissan Chief Executive Hiroto Saikawa is cutting costs as he seeks to … On Thursday, Nissan said it planned to cut global production capacity by 10% …
Nissan to cut 12,500 jobs as first-quarter profit nearly wiped out – Reuters: Nissan Motor Co said on Thursday it would slash 12,500 jobs globally by 2022 and cut output to rein in costs as it suffers from sluggish sales and rising costs and tries to recover from a scandal surrounding ousted Chairman Carlos Ghosn.
Volkswagen Has ‘Strong Foundation,’ CFO Says – Bloomberg: Volkswagen AG Chief Financial Officer Frank Witter talks about the automaker’s financial results and business outlook. Volkswagen’s second-quarter operating …
Toyota Invests $600 Million in Chinese Ride-Hailing Giant Didi – Bloomberg: Their partnership builds on an alliance Didi started last year with a coterie of carmakers including China FAW Group, Dongfeng Motor Group and …
Nissan’s Ignoring the Rot at Home – Washington Post: If you’re looking for a metaphor for how politics has swamped decision-making at Nissan Motor Co., look no further than reported plans to restructure …
Volkswagen first-half operating profit up 10% on higher Volkswagen, Porsche sales – Reuters: Volkswagen Group (VOWG_p.DE) on Thursday said its first half operating profit rose 10.3% to 9 billion euros ($10.02 billion), …
Toyota says to invest $600 million in China’s Didi, new joint venture – Reuters: Toyota Motor Corp said on Thursday it will invest $600 million ( £481 million ) in Didi Chuxing and a new joint venture, as part of an agreement to expand …
As Tesla losses continue, Musk points to global growth – Automotive News: Tesla CEO Elon Musk, after reporting a surprisingly large loss in the second quarter, pointed toward an eventual, if delayed, return to profitability and …
Tesla Breaks Records But Doesn’t Break Even – Bloomberg: Just before the Q&A portion of Wednesday evening’s second-quarter call, CEO Elon Musk announced that JB Straubel, the company’s veteran chief …
SpaceX stops test of Starship prototype rocket during surprise livestream – CNBC: SpaceX was attempting to fly its “Starship” prototype rocket in its first short flight of more than a few feet off the ground on Wednesday.
Space jam? Companies risk clutter, conflict in race for the skies – Reuters: Aerospace companies such as Musk’s SpaceX and Bezos’ Blue Origin are aiming to become the first private firm to launch a human into space.