Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Jaguar cuts petrol cars as it changes gear to an electric era

by July 16, 2024
July 16, 2024
Jaguar cuts petrol cars as it changes gear to an electric era

Jaguar is set to cease production of nearly all its petrol cars by the end of this year, marking a significant shift towards an all-electric future.

The British luxury car manufacturer will continue to produce just one combustion engine vehicle, the F-Pace SUV, before transitioning to an entirely electric line-up starting next year.

Production of the XE, XF, and F-Type models at Castle Bromwich ended in May, and Jaguar plans to stop manufacturing the hybrid E-Pace in Austria, along with the electric I-Pace, by December.

Adrian Mardell, CEO of Jaguar Land Rover (JLR), confirmed the phase-out during a recent investor day, stating that these models were “close to zero-profitability products.” The transition aligns with Jaguar’s strategy to introduce a range of new all-electric vehicles, beginning with a battery-powered grand tourer set to launch next year.

Jaguar’s chief creative officer, Gerry McGovern, has been building anticipation for the upcoming electric models, describing the first new electric car as something unprecedented. “Imagine something that you’ve never seen before that looks like it’s dropped from the sky – and times [that] by five. That’s how different these Jaguars are going to be,” McGovern said, promising a design that echoes Jaguar’s E-Type glory days while remaining unique.

Richard Molyneux, JLR’s finance chief, highlighted the strategic move to eliminate lower-value, unprofitable models and replace them with new vehicles built on innovative architectures.

The pivot to electric vehicles represents Jaguar’s commitment to a sustainable future and a significant transformation in the automotive industry.

Read more:
Jaguar cuts petrol cars as it changes gear to an electric era

0
FacebookTwitterGoogle +Pinterest
previous post
Family businesses face £1.4bn tax blow as Labour considers inheritance tax overhaul
next post
State schools see surge in applications as parents anticipate private school tax hike

You may also like

Royal Mail enters foreign ownership for the first...

December 16, 2024

How AI can boost growth and improve productivity...

July 26, 2023

More than $100m worth of NFTs stolen since...

August 25, 2022

Lloyds braced for £1bn tax clash in Ireland...

February 6, 2025

NatWest ‘Tell Sid’ Sale Likely to be Postponed...

May 23, 2024

Sturgeon told: No euro, no membership

October 27, 2022

Magnificent seven lose $2.7 trillion as tech stocks...

March 14, 2025

Saudi Arabia acquires 40 per cent stake in...

October 8, 2024

Cash crunch could wipe out venture-backed firms this...

March 29, 2023

SMEs see opportunity to use fintech to reduce...

October 6, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • An Ominous Quiet on the Law Firm Revenge Decrees

      May 21, 2025
    • Will Vance remark about US bailing on Ukraine encourage Putin to sink nascent peace talks?

      May 21, 2025
    • DAVID MARCUS: The invisible hand that governed America during Biden years

      May 21, 2025
    • Controversial office vacant for first time in nearly a decade, but emerging secrets haunt those involved

      May 21, 2025
    • South African-born Musk evoked by Trump during meeting with nation’s leader: ‘Don’t want to get Elon involved’

      May 21, 2025
    • Donald Trump Jr. has ‘ZERO interest’ in a 2028 run, but isn’t ruling out possibility of a political future

      May 21, 2025

    Categories

    • Business (8,018)
    • Investing (1,975)
    • Politics (15,339)
    • Stocks (3,096)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved