Jaguar Land Rover to post record sales in 2015

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Source : Jaguar Land Rover to post record sales in 2015

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Jaguar unveiled the F-Pace SUV the night before the Frankfurt motor show

JLR boss Ralf Speth says his company is usually built for “the long haul”, along with will continue its growth drive inside the coming months by launching brand-new products

Jaguar Land Rover CEO Ralf Speth said the firm might top half a million sales for once in 2015.

Speth was in a reflective mood ahead of the Frankfurt motor show along with Jaguar F-Pace unveiling, drawing attention to the company’s relative size still next to competitors along with how strong growth has been since Tata took over in 2008.

“They said in which was mission impossible,” said Speth, “however I’m not Tom Cruise… We have turned around two struggling brands. We have reinvented both as two of the most respected, authentic brands inside the global premium elite.”

Speth said sales had doubled, staffing levels had doubled, along with turnover had trebled at JLR under Tata ownership. The firm also supported around 250,000 British families due to the strength in depth of the JLR supply chain.

The sales of two brands were under 0,000 at the end of the last decade however might at This particular point exceed half a million in 2015.

In referencing JLR’s future expansion with a plant in Eastern Europe, Speth said: “The heart along with soul of the operation will remain inside the UK where we will continue to grow along with build the business.” He added in which “three things – product, product along with product” might underpin the future growth of JLR, along with in which the company was “built for the long haul”.

Speth also confirmed in which JLR “includes a plan for an electric powertain in which will bring something brand-new to the segment”, a reference to the Evoque E project JLR announced the initial findings of at the Cenex Low Carbon Vehicle show last week.

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