2014 Jaguar Xf on 2040-cars

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New Civic, FCA UAW Agreement, Frankfurt | Autoblog Minute

FCA reaches a tentative agreement with the UAW, Honda reveals the all new 2016 Civic, and the Frankfurt Motor Show dazzles us again.Senior editor Greg Migliore reports in the Weekly Recap edition of Autoblog Minute Weekly. UAW/Unions Bentley Honda Jaguar Porsche Tesla Autoblog Minute Videos Original Video FCA porsche mission e civic

Jaguar Land Rover posts profitable quarter amidst big yearly losses

Jaguar has posted its first profit in quite some time, as the financial quarter ending on March 31 brought in a net income of $151.6 million. However, that is the light in the end of the tunnel, as full year results through March showed a $4.58 billion loss (GBP3.6 billion). The losses are again attributable to declining sales in China, with a whiff of the still-lingering Brexit process. While JLR's annual U.S. sales were up 8.1 percent, and U.K. sales improved by 8.4%, overall sales came down 5.8% to 578,915 vehicles. For April, Chinese sales nearly halved as they dropped by 46 percent. Earlier this year, JLR's woes caused its owner Tata Motors to post the biggest ever quarterly loss in Indian corporate history, at nearly $4 billion. JLR's CEO Ralf Speth stated that the company is "reducing complexity" and transforming its business by cost savings and cash flow improvements, citing the fourth-quarter profits as an example of the ongoing turnaround. Speth said JLR has already managed to deliver $1.59 billion (GBP1.25 billion) of efficiencies and savings. JLR says its turnaround program, dubbed Charge, will drive it to at least $3.18 billion (GBP2.5 billion) of investment, working capital and profit improvements by March 2020, and that it currently has $4.84 billion (GBP3.8 billion) of cash. Speth continued that JLR will "go forward as a transformed company that's leaner and fitter," and that the sustained investment in new products and technologies will drive future demand. There has been earlier speculation of Tata Motors selling JLR to the PSA Group, but as Autocar reports, Tata's financial chief again refuted these rumors. JLR also announced today that its CFO of 11 years, Ken Gregor is stepping down after 22 years with the company, and that he will be succeeded by JLR's Chief Transformation Officer, Adrian Mardell.

2014 Jaguar XJR is large, in charge

There are few things in this world we love more than a huge, supersonic-feeling sedan, and Jaguar has just ripped the sheets off of its newest entry into that set of bruisers. The 2014 Jaguar XJR puts down a full 550 horsepower and 502 pound-feet of torque courtesy of a supercharged 5.0-liter V8. All that thrust lands on the rear tires through an eight-speed automatic transmission, and the big aluminum-chassis'd four door can sprint to 60 miles per hour in a skinny 4.4 seconds. Top speed sits at an electronically limited 174 mph, and Jaguar estimates the machine will still return up to 23 miles per gallon highway.
Do. Want.
The 2014 XJR also features stiffer spring and damper rates along with an electronically controlled rear differential. Of course, there are plenty of styling tweaks on hand to separate the most menacing XJ from the rest of the family. Those include new fascias, R emblems and massive 20-inch wheels outdoors as well as special seating and trim elements indoors. Asking price? That would Be $116,000 for the XJR and $119,000 for the long-wheelbase L version. Check out the full press blast below.