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Jaguar Land Rover

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Jaguar Land Rover PLC
Company typePublic limited company
IndustryAutomotive
Founded2008
Headquarters
Whitley, Coventry
,
United Kingdom[1]
Key people
Ratan Tata (Chairman)
Dr Ralf Speth (CEO)
ProductsCars
Revenue£13,512 million (period ended 31 March 2012)[2]
£2,027 million (period ended 31 March 2012)[2]
£1,481 million (period ended 31 March 2012)[2]
OwnerTata Motors
Number of employees
24,000 (2012)[3]
ParentTML Singapore Pte Limited
SubsidiariesJaguar Cars
Land Rover
Websitewww.jaguarlandrover.com

Jaguar Land Rover PLC is a British multinational automotive company headquartered in Whitley, Coventry and a wholly owned subsidiary of Tata Motors.[4] Its principal activity is the development, manufacture and sale of Jaguar and Land Rover vehicles.

History

The Jaguar Cars and Land Rover businesses were brought together as a single entity by Ford Motor Company in 2002.[5] Ford had acquired Jaguar Cars in 1989 and Land Rover from BMW in 2000.[6][7]

In 2008 the Jaguar Land Rover company was established when Tata Motors acquired the Jaguar and Land Rover businesses from Ford.[8]

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.[9][10] 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.[11][12] 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.[13][14]

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.[15][16] 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.[17][18] Jaguar Land Rover plans to create 4,500 manufacturing and engineering jobs in the UK over the next five years.[19]

Operations

The JLR Whitley plant.

Jaguar Land Rover currently sells vehicles under the Jaguar and Land Rover marques. It also owns the rights to the currently 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.

Jaguar Land Rover operates six facilities for R&D, manufacturing and assembling :

Corporate affairs

Jaguar Land Rover PLC is a public limited company incorporated under the laws of England and Wales. The immediate parent undertaking of Jaguar Land Rover PLC is TML Singapore Pte Limited and the ultimate parent undertaking and controlling party is Tata Motors Limited.[20]

Board of Directors

Name[20] Position[20] Year appointed[20]
Ratan N. Tata Chairman and Director 2008
Ravi Kant Director 2008
Andrew M. Robb Director 2009
Dr. Ralf D. Speth Chief Executive Officer and Director 2010
Carl-Peter Forster 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 2012[2] 13,512 2,027 1,507 1,481
31 March 2011[20] 9,870.7 1,501.7 1,114.9 1,035.9
31 March 2010[20] 6,527.2 349.1 51.4 23.5
31 March 2009[20] 4,949.5 (83.9) (375.7) (402.4)

Sales

In the year ended 31 March 2011, Jaguar Land Rover sold a total of 240,905 units, of which 189,087 were Land Rovers and 51,818 were Jaguars.[2] In that period 24.1% of sales were in the United Kingdom, 22% in Europe (ex. the United Kingdom and Russia), 20.9% in North America, 12% in China, 4.9% in Russia and 15.9% in the rest of the world.[2]

In the year ended 31 March 2012, Jaguar Land Rover sold a total of 305,859 units, of which 251,632 were Land Rovers and 54,227 were Jaguars.[2] In that period 22% of sales were in Europe (ex. the United Kingdom and Russia), 19.6% in the United Kingdom, 19.0% in North America, 16.7% in China, 4.2% in Asia Pacific (ex. China) and 19.0% in the rest of the world.[2]

References

  1. ^ "Jaguar Land Rover Opens its new Global Headquarters Building". Jaguar Land Rover PLC. Retrieved 2 July 2012.
  2. ^ a b c d e f g h "Jaguar Land Rover Results Under IFRS for the period ended 31 March 2012" (PDF). Jaguar Land Rover PLC. Retrieved 13 July 2012.
  3. ^ "Jaguar Land Rover Announces 1,100 New Jobs In The UK". JaguarLandRover. Retrieved 25 July 2012.
  4. ^ Mike Rutherford (2008-03-29). "Mike Rutherford ponders Tata's takeover of Land Rover and Jaguar". The Daily Telegraph. Telegraph Media Group. Retrieved 2008-07-30.
  5. ^ "Superboss Dover takes over at Jaguar". Coventry Evening Telegraph. 2001-11-09. Retrieved 2011-09-26.
  6. ^ "The Years 1989 to 1986". Jaguar Cars Ltd. Retrieved 2009-06-19.
  7. ^ "BMW, Ford seal Land Rover deal". BBC News. 2000-05-24. Retrieved 2010-05-07.
  8. ^ "Jaguar Land Rover". Tata Sons. Retrieved 2008-07-30.
  9. ^ Cite error: The named reference tele23apr2011 was invoked but never defined (see the help page).
  10. ^ "Jaguar announces £2bn supply contracts for Evoque model". BBC News. 2 March 2011. Retrieved 20 September 2011.
  11. ^ "Tata's Jaguar Land Rover picks UK for new plant". Reuters. 19 September 2011. Retrieved 20 September 2011.
  12. ^ "Jaguar Land Rover confirms new UK plant". The Telegraph. 19 September 2011. Retrieved 20 September 2011.
  13. ^ "Jaguar Land Rover to create 1,000 jobs at Solihull factory". The Telegraph. 10 November 2011. Retrieved 10 November 2011.
  14. ^ "Jaguar Land Rover creates more than 1,000 Solihull jobs". BBC News. 10 November 2011. Retrieved 10 November 2011.
  15. ^ "Jaguar Land Rover creates 1,000 new jobs". The Independent. 13 March 2012. Retrieved 21 March 2012.
  16. ^ "Land Rover to create 1,000 jobs at Halewood". BBC News. 13 March 2012. Retrieved 21 March 2012.
  17. ^ "Jaguar Land Rover seals JV with China's Chery". Reuters. 21 March 2012. Retrieved 21 March 2012.
  18. ^ "Jaguar Land Rover and Chery Automobile agree deal to sell vehicles in China". The Guardian. 21 March 2012. Retrieved 21 March 2012.
  19. ^ "JaguarLR to generate 4,500 jobs in UK". 29 June 2012.
  20. ^ a b c d e f g "2010/11 Annual Report" (PDF). Jaguar Land Rover PLC. Retrieved 14 July 2012.
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