Stock market quotes, forex, financial news, forex tools –

In 2 years Jaguar will turn down internal combustion engines

 Breaking News
In 2 years Jaguar will turn down internal combustion engines
September 08
09:00 2017

The British Jaguar Land Rover (JLR) plans to completely abandon the classic internal combustion engines in new models in the year 2020. The automaker, owned by the Indian concern Tata Motors, has ambitious plans to equip all manufactured cars with electric or hybrid engines.
The model of the electric car Jaguar I-Pace will become the flagship. The beginning of sales is scheduled for 2018.
Ralf Speth, the executive director of the company Jaguar Land Rover, specifies that the old models will remain internal combustion engines, which are traditional for consumers. According to Mr. Speth, this will give the customers the right to choose.
The decision to equip all new models with new generation engines is not new to the industry. We recall that a couple of months ago a similar statement was made by the Swedish company Volvo. The Swedes declared that their cars would be equipped with hybrid or electric motors, starting from 2019.
Ralf Speth also tried to make a forecast about the development of the automotive industry as a whole. According to his forecasts, internal combustion engines will exist in the market for a long time, but the future is with electric vehicles.
Engineers of the company Jaguar Land Rover have fantasized about the car of the future, introducing the concept car Future-Type, which seems to have come from 2040. Driving such a car is carried out by the voice, and the steering wheel is equipped with an artificial intelligence system.
The concern JLR currently occupies a leading position in the United Kingdom. It is also known that JLR is one of the largest exporters of the country. In 2016 the revenue amounted to 31.68 billion US dollars, foreign sales represented 80% of the income.
The interesting news positively affected the dynamics of shares of the British automaker.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment