JLR’s fundamentals show a battered auto company facing stiff competition amid rapidly changing technological and market dynamics, apart from the pandemic
Speth will focus on his position on the board of Tata Sons, the holding company of JLR's owner Tata Motors Ltd , the FT reported.
"We feel the pressure" from demands to slash carbon emissions and develop electric vehicles, Jaguar Land Rover chief Ralf Speth said in an interview on the sidelines of the Los Angeles auto show.
"It is quite clear the future will be electric," Ralf Speth, Jaguar Land Rover chief executive, told CNBC on Tuesday.
Jaguar Land Rover today unveiled its new Range Rover Velar and Jaguar I-PACE Concept at the Geneva Motor Show here.
The Indian-owned carmaker built just under a third of Britain's 1.6 million cars last year and showcased its first electric car earlier this month, which will be built in Austria.
"Dr Ralf Speth, CEO of Jaguar Land Rover, and Mr N Chandrasekaran, CEO & Managing Director of Tata Consultancy Services (TCS), have been appointed as Additional Directors on the Tata Sons Board," the company said in a statement.
A day after Cyrus Mistry was sacked as Chairman of Tata Sons, Tata Group expanded the board of the company appointing Ralf Speth and N Chandrasekaran as Additional Directors on Tata Sons' Board. The board now consists of 11 members.
It was the end of the road for the 'Defender' 4x4 utility vehicle made by Tata Motors-owned Jaguar Land Rover (JLR) as the luxury carmaker halted production of the iconic model at its UK plant today.
CNBC's Nancy Hulgrave caught up with Jaguar Land Rover CEO, Ralf Speth on the sidelines of the motor show in Frankfurt and spoke to him on how bad the situation is in China and if they plan to cut sales target for this year.
The F-Pace Sports Utility Vehicle (SUV) launched at the Frankfurt Motor Show has been dubbed the "ultimate practical sports car", which embodies the spirit of the iconic British luxury car brand with modern technology.
The company said that following robust analysis of a number of locations including Europe, the US and Mexico, JLR selected Slovakia as the preferred location as it is close to a strong supply chain and good logistics infrastructure.
The brand, owned by India's Tata Group since 2008, said it was carrying out a feasibility study for a factory in the western Slovak town of Nitra with the aim of reaching an annual output of up to 300,000 cars over the decade from 2018 when the plant would be due to start production
The funds will be pumped into its R&D and manufacturing divisions across three JLR sites in the West Midlands region of England Castle Bromwich Advanced Manufacturing Plant; Whitley Advanced Design and Development Centre; and the National Automotive Innovation Centre in Coventry.
The additional workforce, intended for its Solihull plant in the West Midlands region of England, coincides with Jaguar's entry into the sports utility vehicle (SUV) sector with the all-new Jaguar F-Pace unveiled at the Detroit auto show yesterday.
"The first of our Ingenium engine range will be used in our all-new mid-sized Jaguar sports sedan. That car will be called the Jaguar XE, and it will be unveiled in production form later this year," Jaguar Land Rover (JLR) Chief Executive Officer Ralf Speth said in a statement.
The record sales of over 400,000 cars marked the UK-based car maker's strongest-ever full year global sales performance while the US, Germany and India are now JLR's fastest growing markets.
The company, owned by India's Tata Motors , on Tuesday said the investment would also deliver another 24,000 jobs in the supply chain.
The latest additions will bring the total number of UK manufacturing jobs announced by JLR over the last three years to almost 11,000.
Tata Motors posted a 23 percent fall in quarterly profit as higher sales of its luxury Jaguar Land Rover vehicles failed to offset sagging sales at home.
Karl Slym wants to change the way Tata Motors makes and sells its cars. But the cars he has don‘t sell; and his idea of those that will should take at least two years to hit the market.
Jaguar Land Rover will not expand its overseas production capacity until its new China factory comes online, its CEO said on Tuesday, and will target growing demand in markets such as Turkey to continue round-the-clock manufacturing in the UK.
Tata Motors owned Jaguar Land Rover plans to increase investment in the new engine manufacturing centre in the UK to more than GBP 500 million from earlier committed GBP 350 million.
Tata Motors' first quarter consolidated net profit rose 12% year-on-year at Rs 2,245 crore. But it missed analysts expectations due to a foreign exchange loss and slow sales in the domestic market.
Even as the United Kingdom reels under economic slowdown, Tata-owned Jaguar Land Rover (JLR) today announced it will hire 1,100 people for its manufacturing facility at Castle Bromwich to support launch of new models.