LOS ANGELES - Luxury automaker Jaguar Land Rover’s chief executive 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.
But to the question of whether the company and its parent, Tata Motors Ltd. are seeking a merger for Jaguar Land Rover, Speth said: “The answer is no. We can really survive on our own.” Jaguar Land Rover currently sells an electric Jaguar I-Pace sport utility vehicle, and has said the next generation of its top-of-the line XJ sedan will be all-electric. The company has not said when it will launch the new XJ.
“In Europe, the mix is encouraging, but not at the moment at the level we can say we are compliant right at the beginning,” he said. “But there is time to go. We are cautiously optimistic.”