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<blockquote data-quote="Weather Man" data-source="post: 16578454" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3661979-tata-motors-unit-jlr-going-all-electric-appoints-marc-llistosella-as-ceo" target="_blank">Tata Motors unit JLR going all electric, appoints Marc Llistosella as CEO</a></p><ul> <li data-xf-list-type="ul">Tata Motors (NYSE:<a href="https://seekingalpha.com/symbol/TTM" target="_blank">TTM</a>) wholly owned subsidiary Jaguar Land Rover aims to become <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f7539f6-8e46-4cd8-b9c1-8edfad8da020.pdf" target="_blank">a net zero carbon business by 2039</a>.</li> <li data-xf-list-type="ul">Land Rover to produce six pure electric variants in the next five years, with the first all-electric variant to arrive in 2024.</li> <li data-xf-list-type="ul">Jaguar Land Rover is on a path towards double-digit EBIT margin and positive cash flow, with an aim to achieve positive cash net-of-debt by 2025 with a value creation approach delivering quality and profit over-volume.</li> <li data-xf-list-type="ul">Jaguar and Land Rover will offer pure electric power, nameplate by nameplate, by 2030. In addition to 100% of Jaguar sales, it is anticipated that around 60% of Land Rovers sold will be equipped with zero tailpipe powertrains.</li> <li data-xf-list-type="ul">Annual commitments of circa £2.5B will include investments in electrification technologies and the development of connected services to enhance the journey and experiences of customers, alongside data-centric technologies that will further improve their ownership ecosystem.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16578454, member: 137766"] [URL='https://seekingalpha.com/news/3661979-tata-motors-unit-jlr-going-all-electric-appoints-marc-llistosella-as-ceo']Tata Motors unit JLR going all electric, appoints Marc Llistosella as CEO[/URL] [LIST] [*]Tata Motors (NYSE:[URL='https://seekingalpha.com/symbol/TTM']TTM[/URL]) wholly owned subsidiary Jaguar Land Rover aims to become [URL='https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f7539f6-8e46-4cd8-b9c1-8edfad8da020.pdf']a net zero carbon business by 2039[/URL]. [*]Land Rover to produce six pure electric variants in the next five years, with the first all-electric variant to arrive in 2024. [*]Jaguar Land Rover is on a path towards double-digit EBIT margin and positive cash flow, with an aim to achieve positive cash net-of-debt by 2025 with a value creation approach delivering quality and profit over-volume. [*]Jaguar and Land Rover will offer pure electric power, nameplate by nameplate, by 2030. In addition to 100% of Jaguar sales, it is anticipated that around 60% of Land Rovers sold will be equipped with zero tailpipe powertrains. [*]Annual commitments of circa £2.5B will include investments in electrification technologies and the development of connected services to enhance the journey and experiences of customers, alongside data-centric technologies that will further improve their ownership ecosystem. [/LIST] [/QUOTE]
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