Production models will reportedly launch in summer 2026
November 8, 2024 17:39
- Jaguar will launch a new concept car on December 2, heralding its rebirth as an ultra-luxury brand.
- The redesigned Range Rover Velar will reportedly go on sale in spring 2026.
- Jaguar Land Rover’s second-quarter results were mixed as supplier issues and quality inspections were put on hold.
Jaguar Land Rover (JLR) released its second-quarter results and revealed various details about future products. Not the least of which is that Jaguar will be previewing their future with a new concept on December 2nd. Despite being an iconic British brand, the debut won’t be in London. Instead, the mysterious concept will be revealed at Miami Art Week.
While a transcript of the earnings call was not immediately available, Autocar reports that CEO Adrian Mardell confirmed that the production model will go on sale in summer 2026. It will reportedly follow the redesigned Range Rover Velar, which will go on sale in 2026. That spring.
More: Jaguar confirms 4-door EV GT with 430-mile range, starting price at $125,000
As well as the Jag, the Range Rover electric car also appears to be popular, with more than 48,000 people already signed up on the waiting list. The company also received more than 2,900 orders for the Defender OCTA, which features a lifted suspension, 33-inch tires and a twin-turbocharged 4.4-liter V8 engine from BMW with an output of 626 hp (467 kW / 635 hp).
Turning to financials, Jaguar Land Rover claimed a “strong performance” despite temporary constraints on aluminum supply due to flooding at key suppliers. This resulted in second-quarter revenue falling 6% from last year to 650 million pounds ($8.4 billion). In addition to the aluminum headache, 6,029 cars were temporarily detained for additional quality control checks, affecting sales in Europe and the UK.
Given the drop in revenue, it’s no surprise that profits for the quarter fell from £44.2 billion ($571 million) to £39.8 billion ($514 million). However, profits after tax actually climbed from £27.2 billion ($351 million) to £28.3 million ($365 million).
Leave a Reply Cancel reply
You must be logged in to post a comment.