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Jaguar Land Rover & Chery in business

The joint venture between Jaguar Land Rover and Chery Automobile in China is now official and will see new production and R&D facilities in China. Jaguar Land Rover has now received official approval for its joint venture in China with Chery Automobile from China’s authorities – something we predicted as long ago as February 2011 - which will see both JLR and joint branded cars rolling off production lines in China. The JV will be known as Chery Jaguar Land Rover Automotive Company Ltd.

Jaguar C-X75: Jaguar’s Hypercar stillborn

The Jaguar C-X75 hybrid hypercar will not go in to production. Jaguar cite the poor economic outlook is behind the decision to scrap the C-X75. But the gas turbines soon bit the dust as Jaguar realised the technology was just not mature enough for a production car, so they replaced the gas turbines with a 1.6 litre turbocharged and supercharged petrol engine charging the batteries that powered the two electric motors, one on each axle.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.