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JLR prepares for electric future

In preparation for an electrified future, Jaguar Land Rover (JLR) is replacing its director for manufacturing, the firm said today.

JLR operates three factories in its home market but is building its first electric car, the I-PACE, in Austria.

The Indian-owned automaker’s Chief Executive Ralf Speth told Reuters earlier this year he is waiting for more information on trading conditions after Brexit before he decides whether to make electric cars in Britain.

On Thursday, he said Executive Director for Manufacturing Wolfgang Stadler is retiring from the business, to be replaced by Director of Quality and Automotive Safety Grant McPherson from July 1.

“He will oversee the ongoing investment into our UK and global manufacturing, transforming our plants to enable Jaguar Land Rover’s exciting electrified future,” Speth said in a statement to Reuters.

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Jaguar Land Rover to cut output

Britain’s biggest carmaker Jaguar Land Rover will temporarily reduce production at its car plant in Halewood later this year due to weakening demand after Brexit and tax hiked on diesel cars.


Jaguar Land Rover’s sales in Britain and Europe were flat in 2017, with the company’s sales director saying that the tough conditions will continue.

The Halewood plant, which builds Range Rover models, is one of the Indian-owned automaker’s three production sites in Britain, which together build nearly one in three of the country’s roughly 1.7 million cars.

“Ongoing uncertainty surrounding Brexit is being felt by customers at home and in Europe,” the company said on Monday.

“Concern around the future of petrol and diesel engines – and general global economic and political uncertainty – and it’s clear to see why the industry is seeing an impact on car sales.”

“Following a review of planned volumes, we are planning to make some temporary adjustments to the production schedule at Halewood in Q2.”

Britain will increase the amount of vehicle excise duty (VED) paid by almost everyone buying a new diesel car from April, which will in turn hurt Jaguar Land Rover, as diesel accounts for around 90 per cent of sales.

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NZ to receive JLR’s financial services

New Zealand will become Jaguar Land Rover’s first import market for their branded financial services product.

Steve Kenchington, general manager of Jaguar Land Rover NZ, said that spikes in demand for their vehicles have paved the way for a new financial package, provided in partnership with Heartland Bank.

Chris Flood, Heartland Bank’s Deputy CEO, says Heartland were delighted to be selected as financial services supplier to Jaguar Land Rover.

“We are proud to partner with Jaguar Land Rover, a strong and iconic brand in the New Zealand marketplace.”

“A key part of Heartland’s strategy is to grow its business through partnering with intermediaries, enabling us to reach more customers at the point of sale. We look forward to working with Jaguar Land Rover and believe our partnership will bring significant value for our mutual customers.”

“Jaguar Land Rover’s local sales have grown substantially over the past five years as new models have been introduced to the range and economic factors such as a strong housing market and an increase in immigration have provided a further boost.

“The introduction of a financial product under our own label was the next evolutionary step as the brand has further matured in the New Zealand market, and complements our existing 5 Year Service Plan sold with every new Jaguar Land Rover model in New Zealand, ” he said.

Customers purchasing a Jaguar Land Rover model under the new product will be given a guaranteed minimum buyback price.

“This means our customers will have further confidence that the vehicle they buy from us today will retain its value until they are ready to trade in, upgrade, refinance, keep or return it, when it reaches that point in its lifecycle.”

Jaguar Financial Services and Land Rover Financial Services will be available in Authorised Retailers from 15th January 2018.

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