5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

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

by
July 16, 2024
in Investing
0
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.

Previous Post

State schools see surge in applications as parents anticipate private school tax hike

Next Post

Actions speak louder than words

Next Post
Actions speak louder than words

Actions speak louder than words

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Hived raises $42m to roll out electric delivery fleet across southern England

    Hived raises $42m to roll out electric delivery fleet across southern England

    July 5, 2025
    Tesla sees UK sales rebound in June as EV market accelerates

    Tesla sees UK sales rebound in June as EV market accelerates

    July 5, 2025
    ‘Invest in Women’ fund criticised for slow rollout as MPs call for bolder action

    ‘Invest in Women’ fund criticised for slow rollout as MPs call for bolder action

    July 5, 2025
    “A turning point for education”: James Caan launches bold education reform plan in House of Lords

    “A turning point for education”: James Caan launches bold education reform plan in House of Lords

    July 5, 2025

    Disclaimer: 5GInvestmentNews.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.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.