Land rover discovery 2017

There’s no doubt that 2018 has been a tough year for Jaguar Land Rover - but 2019 is set to be even tougher. Wind the clock back a year and the situation couldn’t have been more different to the storm clouds gathering right now. A year ago the Coventry car maker was still growing, turning over a handsome profit and talking about all sorts of exciting plans for the future - electrification, new models, a new factory in Slovakia and much more besides. Following on from its sale by Ford and good stewardship by owners Tata, Jaguar Land Rover really seemed to have the Midas touch. It was a great news story - not just for the 40,000 people employed by the car maker in the UK - but for the many tens of thousands more working in the automotive supply chain. Quite some time back Jaguar Land Rover’s UK boss Jeremy Hicks reckoned that Jaguar Land Rover supported around 100,000 jobs in the UK - that figure was probably a conservative estimate even then and there’s no … [Read more...] about What does 2019 hold for Jaguar Land Rover?

Jaguar Land Rover has opened its new factory in Slovakia and revealed the first images of the new high-tech production plant. The £1 billion manufacturing facility in Nitra employs 1,500 people and will manufacture the Land Rover Discovery. In June this year Jaguar Land Rover announced production of its largest model would switch from Solihull to Slovakia. JLR is the first UK car maker to open a factory in the former Eastern Bloc country. Jaguar Land Rover's Slovakian factory View gallery Around 1,500 people are currently employed in Nitra, 98 per cent of whom are Slovak nationals. Approximately 30 per cent of Nitra workers are women. A second recruitment drive will be launched this November with the aim of hiring another 850 staff. The Coventry car maker said its investment in Nitra marks the latest step in its global expansion strategy. This follows the opening of its Chinese joint venture in 2014 and Brazilian plant in 2016, supported by contract manufacturing in India … [Read more...] about This is what Jaguar Land Rover’s Slovakian factory looks like

Luxury car maker Jaguar Land Rover made £47.50 in profit every second last year. According to its annual report for 2017/18, the manufacturer posted pre-tax profit of £1.5 billion for the 12 months to March 31, 2018. This is the equivalent of £4.1 million per day, £171,230 per hour or £2,853 per minute. The company's revenue climbed from £24.3 billion in 2016/17 to £25.8 billion in 2017/18, meaning in generated in £770 turnover every second last year. BirminghamLive has crunched the numbers contained in the manufacturer's most recently published annual report after it announced it was scaling down production at its plant in Castle Bromwich to three days a week. Writing in the report, chief executive Ralf Speth described the 2017/18 figures as "a solid business and financial performance", adding that the firm was proud to be named again as Britain's largest automotive manufacturer which was "respected across the world". He said: "Our global … [Read more...] about The amount of profit Jaguar Land Rover makes each second