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Jaguar Is Going All-Electric by 2025

British firm says it will 'reimagine the benchmark of luxury'

(Newser) - Struggling luxury car brand Jaguar will be fully electric by 2025, the British company said Monday as it outlined a plan to phase out internal combustion engines. Jaguar Land Rover, which is owned by Indian conglomerate Tata Motors, hopes the move will help turn around the fortunes of the 86-year-old...

Glare From This London Skyscraper Is Melting Cars

Building has been nicknamed the 'Walkie Scorchie'

(Newser) - A new London skyscraper appears to be acting like a giant magnifying glass. But instead of burning ants, it's melting cars. A man says his Jaguar sustained about $1,470 in damage after he left it parked for two hours near the 37-story building, which is still under construction,...

Supercomputers Supercharge Research

Scientists with big questions to benefit more from DOE's two behemoths

(Newser) - It's easier than ever before to get some quality time with one of the most powerful computers on Earth. The Department of Energy has increased the performance of two of its supercomputers more than fivefold, making 900 million processor-hours available to scientists, reports Wired. Expect that boost to lead to...

US Cars Catch Foreign Makers in Dependability

(Newser) - Buick and Jaguar are the most dependable all-around car brands this year, the Detroit News reports. A study by JD Power and Associates looked at the average number of problems that crop up in 2006 models to make its estimation, which could be more influential as the recession has drivers...

Tata Gives Jaguar Cash Infusion

Troubled automaker turns to its Indian owner to help with cash-flow crisis

(Newser) - The British government, considering a bailout of its own auto industry, got a little wiggle room after Tata, the Indian firm that owns Jaguar Land Rover, said it would make a major cash injection into the ailing automaker that employs more than 15,000 workers in Britain. The company said...

More Cuts Planned as Ford Shifts Out of Reverse

Investors rally for Mulally as turnaround picks up speed

(Newser) - Ford was in the worst shape of Detroit's Big 3 a couple of years ago but chief executive Alan Mulally's sweeping changes have put the firm back on the road to profitability, the Wall Street Journal reports. The company has slashed jobs, and will likely cut more, and ditched its...

Tata's Luxury Buys Tell World 'We're Here'

Jaguar, Land Rover acquisitions add dimension to Indian giant's broad base

(Newser) - Perhaps you’ve never heard of Tata, the Indian company that's the new owner of Jaguar and Land Rover—but it's already a $70 billion globe-straddling giant, the BBC reports, with major subsidiaries in a host of industries. Not content with dominating its fast-growing home market, Tata Motors sells cars...

Ford to Sell Jaguar, Land Rover to India's Tata

Restructuring move will bring $2B—less than what company paid for either

(Newser) - Ford will sell marquee brands Jaguar and Land Rover to India's Tata Motors, the Wall Street Journal reports. Under the deal, expected to be announced tomorrow, Ford will get $2 billion, less than it paid for either company in separate deals years ago. Ford has lost $15 billion the past...

The Fight for the Jaguar in Brazil
The Fight for the Jaguar in Brazil

The Fight for the Jaguar in Brazil

Conservationists hope to deter lethal action against the cats by ranchers

(Newser) - Conservationists are waging a pitched battle on behalf of the jaguar in the Pantanal, a rich savannah region in southwest Brazil, the New York Times reports. The area is perfect for supporting a large jaguar population, but revenge killings by ranchers for livestock losses plague the near-threatened cats.

Rove's Jag Gets Punk’d
Rove's Jag Gets Punk’d

Rove's Jag Gets Punk’d

Ride falls victim to the Christo treatment

(Newser) - When Karl Rove drives off into the sunset tonight, his ride will boast a new take on “Just Married” decorations. While the just-resigned strategist was visiting Texas, his Jaguar was pranked at the White House, the AP reports. The jokesters wrapped the vehicle in plastic wrap before slapping on...

Ford Turns 1st Quarterly Profit in 2 Years

Automaker thumps expectations, moves into black for 2007

(Newser) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford...

Ford Turnaround Plan Pays Off
Ford Turnaround Plan Pays Off

Ford Turnaround Plan Pays Off

(Newser) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track.

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