Jaguar Land Rover registered a massive $4.4 billion loss in the first quarter of this year.
Tata doesn’t give up on Jaguar Land Rover but acknowledges the need for a new partner.
From beginning to end, the process takes about four years.
JLR, whose output accounts for a third of total British car production, will idle three of its car-assembling factories as well as its UK engine facility.
JLR’s upgraded facility runs solely on solar energy and renewable energy sources and employs 13,000 people.
Chinese startup Human Horizons unveiled its all-electric HiPhi 1 a few months ago.
Purchasing JLR for $11.2 billion could add 20% to BMW’s earnings according to Sanford C. Bernstein analysts.
Automakers are working to safe lives as more than 800 children have died from heatstroke since 1998.
JLR’s head-up display technology could be used in other applications too, like showing passengers 3D movies.
The platform could underpin a handful of different models including a crossover coupe and a new Freelander.
Gone in sixty seconds? It’s more like ten for some models.
Jaguar Land Rover will release a host of electrified vehicles in the coming four years.