Jaguar Land Rover

Jaguar Land Rover Limited
Subsidiary
Industry Automotive
Founded 2008
Headquarters Whitley, Coventry, United Kingdom[1]
Key people
 Ratan Tata (Interim chairman)
Dr Ralf Speth (CEO)
Products Luxury vehicles, off-road vehicles
Production output
 381,108 (Land Rover)
81,570 (Jaguar) (2014)
Revenue Increase £19.386 billion[2] (FY2014)
Increase £3.393 billion[2] (FY2014)
Increase £2.501 billion[2] (FY2014)
Total assets Increase £15.589 billion[2] (FY2014)
Total equity Increase £5.864 billion[2] (FY2014)
Number of employees
 45,000[2] (FY2016)
Parent Tata Motors
Divisions Jaguar Cars
Land Rover
Subsidiaries Jaguar Land Rover Holdings Limited
Jaguar Land Rover Limited
Chery Jaguar Land Rover (50%)
Jaguar Land Rover India
Website www.jaguarlandrover.com

Jaguar Land Rover Limited[3] is a British multinational automotive company with its headquarters in Whitley, Coventry, United Kingdom, and a subsidiary of Indian automaker Tata Motors. Its principal activity is the design, development, manufacture and sale of vehicles bearing the Jaguar and Land Rover (including Range Rover) marques. Both marques have long and complex histories prior to their merger, going back to the 1940s, first coming together in 1968 as part of the ill-fated British Leyland conglomerate; and later existed independently of each other as subsidiaries of BMW (in the case of Land Rover), and Ford Motor Company (in the case of Jaguar); Ford later acquired Land Rover from BMW in 2000 following the break-up of the former Rover Group; which was effectively the remainder of British Leyland.

Jaguar Land Rover has been a wholly owned subsidiary of Tata Motors since 2008, when the latter acquired it from Ford.[4] It sold a total of 462,678 vehicles during 2014, comprising 381,108 Land Rover vehicles and 81,570 Jaguar vehicles.[5]

History

Both businesses having previously been part of British Leyland for parts of their histories, Jaguar Cars and Land Rover were eventually reunited as a single entity by the Ford Motor Company in 2002.[6] Ford had acquired Jaguar Cars in 1989 and Land Rover from BMW in 2000.[7][8]

In 2006 Ford purchased the Rover brand name and logos from BMW for around £6 million. This reunited the Rover and Land Rover brands for the first time since the Rover group was broken up by BMW in 2000, and also brought Jaguar into the same stable as Rover/Land Rover more than 15 years after it was spun out from the former British Leyland in 1984.

In 2008, the Jaguar Land Rover company was established when Tata Motors acquired the Jaguar and Land Rover businesses from Ford.[9]

In March 2011, Jaguar Land Rover announced that it would be hiring an additional 1,500 staff at its Halewood plant, and signed over £2 billion of supply contracts with UK-based companies, to enable production of its new Range Rover Evoque model.[10][11] In September 2011, the company confirmed that it would be investing £355 million in the construction of a new engine plant at the i54 business park near Wolverhampton, central England, to manufacture a family of four-cylinder petrol and diesel engines.[12][13] In November 2011 Jaguar Land Rover announced that it would be creating 1,000 new jobs at its Solihull plant, a 25 per cent increase in the size of the workforce at the site.[14][15]

In March 2012, Jaguar Land Rover announced the creation of 1,000 new jobs at its Halewood plant, and a shift to 24-hour production at the plant.[16][17] In the same month, Jaguar Land Rover and the China-based carmaker Chery agreed to invest an initial US$2.78 billion in a new joint venture the activities of which will include the manufacture of Jaguar and Land Rover vehicles and engines, the establishment of a research and development facility, the creation of a new automobile marque, and sales of vehicles produced by the company.[18][19] Jaguar Land Rover plans to create 4,500 manufacturing and engineering jobs in the UK over the next five years.[20]

In September 2013, Jaguar Land Rover announced an additional 1,700 jobs and £1.5 billion investment at its facility in Solihull. The money will be spent on designing systems to allow the chassis of future models to be made out of aluminium. The first of these models will be a new mid-sized sports saloon car to be introduced in 2015.[21]

Under its chief executive, Dr Ralf Speth, JLR has increased its investment in R&D significantly. In 2013, according to Speth, it invested £3 billion in "product creation" and now claims to be the "biggest R&D investor in the UK in the automotive business".[22]

In September 2013 Jaguar Land Rover announced plans to establish a new research and development centre in the UK.[23] The National Automotive Innovation Campus will be based at the University of Warwick in Coventry. Jaguar Land Rover will invest £50 million in the facility with additional funding from Tata Motors, the University and the UK government.[24]

In January 2014 the Wall Street Journal reported that Jaguar Land Rover, sold a record 425,006 vehicles in 2013 as demand for its luxury vehicles increased in all major markets including in China, North America and Europe.[25]

Corporate affairs

Jaguar Land Rover Automotive is a public limited company incorporated under the laws of England and Wales (Company No. 06477691). The immediate parent of Jaguar Land Rover Automotive PLC is TML Holdings Pte. Ltd., Singapore and the ultimate parent undertaking and controlling party is Tata Motors Limited of India.[26] The Chairman of Tata Group, Ratan Tata, was the chairman and a director of Jaguar Land Rover Automotive PLC from 2008 to December 2012.

Jaguar Land Rover Automotive PLC's principal active subsidiaries are:[27]

Board of directors

Name[26] Position[26] Year appointed[26]
Ravi Kant Director 2008
Andrew M. Robb Director 2009
Dr. Ralf D. Speth Chief executive officer and director 2010

Financial data

Year ending Turnover (£m) EBITDA (£m) Net income / (loss) before tax (£m) Net income / (loss) attributable

to shareholders (£m)

31 March 2015[28] 21,866 4,132 2,614 N/A
31 March 2014[2] 19,386 3,393 2,501 1,879
31 March 2013[29] 15,785 2,402 1,675 1,215
31 March 2012[30] 13,512 2,027 1,507 1,481
31 March 2011[26] 9,870.7 1,501.7 1,114.9 1,035.9
31 March 2010[26] 6,527.2 349.1 51.4 23.5
31 March 2009[26] 4,949.5 (83.9) (375.7) (402.4)

Operations

Halewood Body & Assembly

Jaguar Land Rover currently has six main facilities for R&D, manufacturing and vehicle assembly, of which five are in the UK and one in India. Jaguar Land Rover invested a total of £1,411 million in research and development in the year ended 31 March 2015.[31]

Jaguar Land Rover has three research and development facilities in the UK:

Vehicle Assembly plants:

Engine Assembly Plants

Planned facilities: [32][33] (production planned to start in 2016)

Products

Jaguar Land Rover currently sells vehicles under the Jaguar and Land Rover marques. It also owns the rights to the dormant Daimler, Lanchester and Rover marques. The latter was acquired by Land Rover, whilst still under Ford ownership, from BMW in the aftermath of the collapse of MG Rover Group, BMW having retained ownership of the marque when it broke up Rover Group in 2000, licensing it to MG Rover as a condition of the sale of Land Rover to Ford.

Current Jaguar products

Jaguar XE 
Jaguar XF 
Jaguar XJ 
Jaguar F-Type 
Jaguar F-Pace 

Current Land Rover products

Land Rover Discovery Sport 
Land Rover Discovery 4 
Range Rover Evoque 
Range Rover Sport 
Range Rover 

Sales

In the year ended 31 March 2013, Jaguar Land Rover sold a total of 374,636 units, of which 316,043 were Land Rovers and 58,593 were Jaguars.[35] In that period 21.6% of sales were in Europe (excluding the United Kingdom and Russia), 20.6% in China, 19.3% in the United Kingdom, 16.8% in the United States, 4.8% in Asia Pacific (excluding China) and 16.9% in the rest of the world.[35] In 2015, Jaguar Land Rover became the biggest car manufacturer in UK, producing 489,923 cars and overtaking Nissan, the previous leader.[36]

References

  1. ↑ "Jaguar Land Rover Opens its new Global Headquarters Building". Jaguar Land Rover Ltd. Retrieved 2 July 2012.
  2. 1 2 3 4 5 6 7 "Jaguar Land Rover results for the year ended 31 March 2014" (PDF). Jaguar Land Rover Ltd. Retrieved 21 February 2015.
  3. ↑ http://www.jaguarlandrover.com/gl/en/investor-relations/
  4. ↑ Mike Rutherford (29 March 2008). "Mike Rutherford ponders Tata's takeover of Land Rover and Jaguar". The Daily Telegraph. London. Retrieved 30 July 2008.
  5. ↑ "JAGUAR LAND ROVER REPORTS STRONG FULL YEAR SALES FOR 2014". Jaguar Land Rover. 12 January 2015. Retrieved 14 March 2015.
  6. ↑ "Superboss Dover takes over at Jaguar". Coventry Evening Telegraph. 9 November 2001. Retrieved 26 September 2011.
  7. ↑ "The Years 1989 to 1986". Jaguar Cars Ltd. Retrieved 19 June 2009.
  8. ↑ "BMW, Ford seal Land Rover deal". BBC. 24 May 2000. Retrieved 7 May 2010.
  9. ↑ "Jaguar Land Rover". Tata Sons. Retrieved 30 July 2008.
  10. ↑ Ruddick, Graham (23 April 2011). "Jaguar plans UK expansion set to create 1,000 jobs". The Telegraph. London. Retrieved 20 September 2011.
  11. ↑ "Jaguar announces £2bn supply contracts for Evoque model". BBC News. 2 March 2011. Retrieved 20 September 2011.
  12. ↑ "Tata's Jaguar Land Rover picks UK for new plant". Reuters. 19 September 2011. Retrieved 20 September 2011.
  13. ↑ Bowater, Donna (19 September 2011). "Jaguar Land Rover confirms new UK plant". The Telegraph. London. Retrieved 20 September 2011.
  14. ↑ "Jaguar Land Rover to create 1,000 jobs at Solihull factory". The Telegraph. London. 10 November 2011. Retrieved 10 November 2011.
  15. ↑ "Jaguar Land Rover creates more than 1,000 Solihull jobs". BBC. 10 November 2011. Retrieved 10 November 2011.
  16. ↑ Jones, Alan (13 March 2012). "Jaguar Land Rover creates 1,000 new jobs". The Independent. London. Retrieved 21 March 2012.
  17. ↑ "Land Rover to create 1,000 jobs at Halewood". BBC. 13 March 2012. Retrieved 21 March 2012.
  18. ↑ Foy, Henry (21 March 2012). "Jaguar Land Rover seals JV with China's Chery". Reuters. Retrieved 21 March 2012.
  19. ↑ "Jaguar Land Rover and Chery Automobile agree deal to sell vehicles in China". The Guardian. London. 21 March 2012. Retrieved 21 March 2012.
  20. ↑ "JaguarLR to generate 4,500 jobs in UK". The Indian Express. 29 June 2012.
  21. ↑ "Jaguar Land Rover announce 1,700 jobs". Solihull Observer. 10 September 2013.
  22. ↑ "R&D Investment Makes Good Business Sense". Ingenia. Retrieved 14 May 2015.
  23. ↑ "Jaguar and Land Rover announces plans for new R&D center". leftlanenews.com. 24 September 2013.
  24. ↑ "NAIC Announcement". BBC News. 24 September 2013. Retrieved 27 February 2014.
  25. ↑ "Jaguar Land Rover Posts Record Sales for 2013". The Wall Street Journal. 12 January 2014.
  26. 1 2 3 4 5 6 7 "2010/11 Annual Report" (PDF). Jaguar Land Rover Ltd. p. 31. Retrieved 14 July 2012.
  27. ↑ "Jaguar Land Rovewr Annual Report 2012/2013" (PDF).
  28. ↑ "Jaguar Land Rover results for the year ended 31 March 2015". Jaguar Land Rover Ltd. Retrieved 26 May 2015.
  29. ↑ "Jaguar Land Rover Results Under IFRS for the year ended 31 March 2013" (PDF). Jaguar Land Rover Ltd. Retrieved 1 June 2013.
  30. ↑ "Jaguar Land Rover Results Under IFRS for the period ended 31 March 2012" (PDF). Jaguar Land Rover Ltd. Retrieved 13 July 2012.
  31. ↑ "Annual Report 2014-15" (PDF). Jaguar Land Rover. Retrieved 21 September 2016.
  32. ↑ "Jaguar Land Rover confirms Brazil car factory plans". BBC News. 5 December 2013.
  33. ↑ "Jaguar Land Rover to Start Making Cars in Brazil". The Wall Street Journal.
  34. ↑ http://www.leftlanenews.com/jaguar-land-rover-settles-on-slovakia-for-new-plant-89342.html
  35. 1 2 "Jaguar Land Rover Annual Report 2012/2013" (PDF). Jaguar Land Rover. Retrieved 4 February 2014.
  36. ↑ "Jaguar Land Rover races past Nissan to become UK's biggest carmaker". The Guardian. Retrieved 22 January 2016.
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