Skip to content
Search

Latest Stories

JLR unveils 'futuristic driverless' car concept

Tata Motors-owned Jaguar Land Rover (JLR) has unveiled a new futuristic electric driverless car concept ‘Project Vector’.

It is an advanced, flexible, multi-use electric vehicle that is "autonomy-ready", which was developed at the National Automotive Innovation Centre (NAIC).


"Project Vector shows Jaguar Land Rover as a leader in innovation to make our societies safer and healthier, and the environment cleaner," said JLR CEO Ralf Speth.

"Through this project, we are collaborating with the brightest minds in academia, supply chain and digital services to create connected, integrated mobility systems - the fundamental building blocks for Destination Zero," he said.

The company's Destination Zero mission refers to a focus on achieving a future of zero emissions, zero accidents and zero congestion through its products, services and across its facilities.

The Project Vector concept vehicle has been developed as part of a spin-off project developed at its innovation centre at the University of Warwick in central England.

In the coming months, the development of the model will move to the next stage for it to be ready to pilot on the streets by late next year.

The intention is to collaborate with the local area through Coventry City Council and the West Midlands Combined Authority to plan a mobility service from late 2021, as a living laboratory for future mobility on the streets of the city of Coventry - about 100 miles (160 km) from London.

Vector is one of the first major projects to be developed within the new NAIC, a £150 million innovation centre created along with the Warwick Manufacturing Group (WMG) to house hundreds of academics, researchers, engineers and designers from across the UK and India to work on cars and vehicles of the future.

More For You

Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less