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Tata Motors Posts Net Loss Due to Struggling Jaguar and Land Rover Unit |
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Jun 29, 2009 - 11:06 AM - by Administrator
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Tata Motors has posted its first annual loss in eight years due to a significant drop in demand for vehicles from its newly acquired Jaguar Land Rover (JLR) unit. The Indian automaker, also known for manufacturing the world's cheapest car (the Nano), posted a net loss of $520 million for its 2009 fiscal year, with a $504 million loss at JLR.
In the 10 months since Tata bought JLR from Ford Motor Co., the division moved just 167,000 units - compared to 246,000 units during the same 10 month period the year before.
Tata's Vice Chairman Ravi Kant told a news conference that the automaker was continuing to search for ways to cut costs and he did not rule out job cuts and plant closures.
Tata's fiscal calendar ended at the start of March, and Tata says JLR has posted better numbers since then.
More: Tata Motors Posts Net Loss Due to Struggling Jaguar and Land Rover Unit on AutoGuide.com
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1 Reply | 72 Views
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Land Rover Green-Lights LRX Hybrid |
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Jun 25, 2009 - 10:41 AM - by Administrator
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Land Rover recently secured a $38 million grant from the U.K government to investigate building an environmentally responsible vehicle, likely to be based on the LRX Concept that debuted at the North American International Auto Show in Detroit in 2008. And according to a recent report in the U.K.'s AutoExpress, Land Rover has given the project the green light.
The upcoming smaller SUV will be a sporty model and feature a full hybrid powertrain, meaning it will be able to run on electric power, gasoline power, or a combination of both. Electric power may even be able to be split between axles, and distributed to either side of the SUV in order to obtain maximum grip.
The vehicle is still at least two years away from being introduced to the market, but other hybrid-like technologies are expected to make their way into Land Rover models before then. For starters, Land Rover is currently developing a start-stop system that will shut off the engine when at a stop light or in traffic. A regenerative braking system is also in the works, that would see energy from braking stored in a battery and then either used to power on-board electronics or even be used to help power the SUV.
More: Land Rover Green-Lights LRX Hybrid on AutoGuide.com
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0 Replies | 60 Views
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Land Rover Discovery LR4 Debuts in New York: Successor to Popular and Competent LR3 |
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Apr 09, 2009 - 1:23 PM - by Administrator
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Replacing the popular Land Rover LR3 model for the 2010 year is the evolutionary LR4. Looking in many ways quite similar to the previous model, the LR4 is more refined (particularly on the inside) while still keeping all the functionality that made the LR3 so good.
"The outgoing LR3 has well over 100 international awards to its name. But for the new LR4 we've found ways to improve virtually every aspect of the vehicle's design and engineering – some subtle, some major," says Phil Popham, Land Rover Managing Director.
Under the hood is a new 5.0-liter V8 engine (originally designed for the latest Jaguar models). This new powerplant can be found in the 2010 Range Rover and Range Rover Sport as well, and makes 375hp and 375 ft-lbs of torque, an increase of 25 percent more power and 19 percent more torque over the outgoing 4.4-liter engine. Acceleration to 60 mph is rated at 7.5 seconds.
The new V8 makes use of variable camshaft timing and direct-injection technologies to deliver added performance. And thanks to a new six-speed automatic transmission, power delivery is smoother than ever before.
The 5.0-liter engine is rated at a maximum towing capacity of 7,716 lbs.
More: Land Rover Discovery LR4 Debuts in New York: Successor to Popular and Competent LR3 on AutoGuide.com
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18 Replies | 1,251 Views
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