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Jaguar Land Rover won't get a bailout from the UK

Bailout talks between Jaguar Land Rover and Tata Steel with the UK government have ended, leaving both firms to rely on private financing to overcome the impact of coronavirus on business, the Financial Times reported on Friday. The report said that talks for an emergency funding fell through as Jaguar Land Rover (JLR) did not qualify for taxpayer support. It is the luxury car unit of India's Tata Motors and Tata Steel, both owned by Indian conglomerate Tata Group. The bailout plan, titled "Project Birch", had been authorized by Finance Minister Rishi Sunak in May to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial businesses on a "last resort" basis after other options run out. The report, citing a source familiar with the matter, said that the funding scheme became infeasible for Tata as it imposed strict conditions on any lending. "Tata Steel remains in ongoing and constructive talks with the UK Government on areas of potential support," Tata Steel said in an emailed statement. The UK Treasury said it would not comment on individual companies. Tata Motors did not immediately respond to request for comment. Related Video: Earnings/Financials Government/Legal Jaguar Land Rover

Jaguar C-X75 James Bond movie car is going up for auction

Back in 2010, Jaguar presented a show-stopper of a concept: the C-X75. Besides its curvaceous body, it boasted a wild hybrid powertrain with a gas turbine engine providing electricity. Sadly, it never reached full production, and it only reappeared as a villain car in the James Bond film Spectre. But between the concept and the film, there were a few production prototypes built as part of a planned 250, and a few stunt cars. Auction company RM Sotheby's is offering one of the latter cars. This Jaguar C-X75 stunt car is actually the first stunt car built, according to the auction house. The stunt cars were built by Williams Advanced Engineering, the same company that has been competing in Formula 1 for decades. The stunt car has little in common mechanically with the concept, or the five prototype cars Jaguar built with four-cylinder hybrid powertrains. Under the skin is a custom tubeframe chassis and long-travel rally car suspension. Powering it is a version of the Jaguar F-Type's V8 engine with a dry-sump oiling system. It's coupled to a sequential manual six-speed transmission and a rear transaxle with a mechanical limited-slip differential. Brakes are AP Racing units and are adjustable from the cabin, and they feature a hydraulic handbrake. One consequence of this stunt car's burly underpinnings is that the cockpit is more like that of a race car, with a small Momo steering wheel and toggle switches and controllers all over. But this unsophisticated cabin has played host to some famous folks. The car was used for getting shots with the actors, with a driver's seat mounted to the top. Since this was a villain car, the actor in the driver's seat was Dave Bautista. The car also was featured at the Mexico Grand Prix to promote the movie, and Felipe Massa took it for a test drive. RM Sotheby's hasn't given an estimated price for the car, but expect it to be expensive. If you have the means, it will be crossing the block at the auction company's Abu Dhabi sale on November 30. The car will come with a bill of sale, a movie call sheet and a specification sheet from Jaguar Land Rover Special Vehicle Operations. We're not sure that this car would be able to be titled in the U.S., but we bet it would be just as fun, if not more so, on a race track, rather than public roads.

Jaguar unveils Vision Gran Turismo electric race car for 'Gran Turismo Sport'

We've driven some hot Jaguars, one of our favorites being the deliciously fast, all-electric I-Pace. Unfortunately, that car costs around $70,000 to start. Too rich for your blood? Jaguar has designed an all-electric race car specifically for PlayStation 4's "Gran Tursimo Sport." Called the Jaguar Vision Gran Turismo Coupe, you'll be able to take this performance EV for some virtual hot laps soon. It'll be available for download late next month, but first, it's getting broken in by competitors in Sony’s Gran Turismo World Tour event at the Tokyo Motor Show this week. The latest in a series of virtual concept cars, from a variety of automakers, this Jaguar designed its Vision GT from the ground up as an all-wheel-drive EV, inspired by the historic C-Type and D-Type, but with modern technology from its I-Type 4 Formula E and I-Pace eTrophy racers. Its three electric motors are good for a total of 750 kW (1,005 horsepower) and 885 pound-feet of torque. That'll launch the car to 62 miles per hour in less than two seconds. Jaguar Vision Gran Turismo Coupe View 15 Photos Though the Vision Gran Turismo is a virtual vehicle, Jaguar put a lot of thought into the design and materials. It's made from carbon-fiber composites and aluminum alloys, and if it were real, it'd weigh 3,086 pounds. Thought was given to aerodynamics, down to the car's deployable wing to balance drag and downforce. "This was the dream project for a car designer, creating a futuristic sports car for Gran Turismo means our designs and ideas could be truly limitless," said Oliver Cattell-Ford, exterior designer, Jaguar Advanced Design. "It has to excite future generations and most importantly, look and feel unmistakably Jaguar.” If you like to use the cockpit perspective when gaming, you won't be disappointed, as Jaguar paid attention to interior details as well. Chris Shaw, interior designer, Jaguar Advanced Design, said of it, "The architecture is visually lightweight, simple, and dramatic; featuring advanced and experimental materials and finishes.Sitting in the stunningly considered cockpit and looking out onto the gracefully long bonnet of the Jaguar Vision GT Coupe — a view that is unmistakably Jaguar — the player will be fully immersed in the action.” It even features hologram technology for displaying information, with augmented reality digital side glass that can alert the driver to dangers outside the vehicle.