Jaguar Land Rover chief wants alliances, not a merger

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Luxury automaker Jaguar Land Rover's CEO told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger

“We feel the pressure” from demands to slash carbon emissions and develop electric vehicles, Jaguar Land Rover chief Ralf Speth said in an interview on the sidelines of the Los Angeles auto show.

Earlier this year, the maker of Jaguar sedans and Land Rover SUVs agreed with German luxury automaker BMW AG to develop electric car parts jointly. Jaguar Land Rover has a product line-up, including hybrid, plug-in hybrid and battery electric vehicles, which could meet tighter European CO2 emissions limits which begin taking effect next year, but compliance will depend on the mix of vehicles customers buy, Speth said.

 

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