Latest news with #E-Pace
The Citizen
6 days ago
- Automotive
- The Citizen
French car dealer charged over Takata airbag injury
After years of investigations into deadly Takata airbags, France has filed its first criminal charge against a dealership accused of negligence. A car dealer has been charged over failures that led to a driver being injured when a faulty Takata airbag sprayed him with metal fragments, a source said Friday, the first criminal charges in France in a massive recall scandal. A number of car models have been under a series of recall orders since 2014 in France over airbags produced by the Japanese company that are at risk of injuring or killing drivers when they deploy. Deaths and investigations At least 18 people in France are suspected to have been killed by faulty Takata airbags and in June the latest recall ordered 1.7 million vehicles off the road until replaced. A number of investigations were under way in France into suspicions of fraud and endangerment, but no charges had been publicly disclosed. However, a source told AFP an investigating magistrate in the French island of La Reunion in March charged a car dealership for failing to have warned a driver whose vehicle had been recalled and who was then subsequently injured. ALSO READ: Jaguar recalls E-Pace models over tearing airbags Dealership denies responsibility The dealership has denied responsibility, saying according to the source it did not have the contact information for clients of a separate dealership it had acquired. In France the filing of criminal charges does not mean the case will proceed to court. The car dealership's lawyer said he intends to show his client undertook reasonable efforts given that in 2020 the severity of the danger posed by the airbags wasn't known, and faulted the French state for not providing the contact information for the car owners. The Takata brand disappeared in 2018 following a bankruptcy in the wake of the airbag scandal, which has affected almost every major global automaker and led to millions of cars being recalled. NOW READ: These VW Polo Sedans and Tarmak basketball hoops are being recalled
The Citizen
6 days ago
- Automotive
- The Citizen
Jaguar recalls E-Pace models over tearing airbags
'According to the supplier, the airbag may tear during deployment due to improper folding during the assembly process.' One of the Jaguar E-Pace models being recalled. Picture: iStock Jaguar Land Rover has notified the National Consumer Commission (NCC) of an airbag issue in the E-Pace models. The NCC is a body that protects consumers by ensuring businesses treat consumers fairly and follow consumer protection laws. The Consumer Protection Act 68 of 2008 protects consumers from hazards and ensures their well-being and safety by governing product recalls. The NCC can order a recall if a product is deemed unsafe or poses a potential risk to the public. ALSO READ: Ford is recalling 2024 Rangers in Southern Africa: Here's why Recall of the E-Pace In a media statement, NCC stated that the cars being recalled are the 2021 to 2024 models due to an issue with the passenger airbag. 'According to the supplier, the airbag may tear during deployment due to improper folding during the assembly process.' Jaguar explained that a torn airbag may reduce occupant protection and increase the risk of injury in a crash. Additionally, a torn airbag could allow hot gases to escape, potentially causing burns to occupants. Visit your nearest dealership Jaguar did not specify how many cars might be affected by the issue. Therefore, it is advisable that those who have bought the cars visit their nearest authorised dealership to have the module and associated components replaced at no charge. Another manufacturer, Ford Motor, is recalling four models, totalling 5 718 cars that might be affected by the issues. Ford Motor Company Southern Africa (FMCSA) announced on Thursday that it is recalling EcoSports made between April 2021 and July 2022, Pumas from November 2021 to September 2024, and Rangers as well as Everests between June 2022 and March this year. Major recall in Africa Ford said the cars were not only sold in South Africa, but in other parts of the Southern African Development Community (SADC) nations. The recall of the EcoSport consists of 2 806 units in South Africa, 25 in Botswana and 41 in Namibia over front half shafts. Dearborn states that the front half shafts could have been inserted improperly into the transmission. In the case of the Puma, there are 1 775 cars affected in South Africa, six in Botswana, 13 in Namibia, and two in Eswatini. The issue involves the fuel line, which may result in an engine stall or, in the presence of an ignition source, a fire. NOW READ: Here's why VW is recalling 253 Polo sedans – Is yours included?
USA Today
21-07-2025
- Automotive
- USA Today
Ford, Mercedes-Benz, Jaguar among over 738,000 vehicles recalled: Check car recalls
The National Highway Traffic Safety Administration issued multiple recalls last week, including notices for nearly 700,000 Ford vehicles. Are you looking to see if any recalls were issued on your vehicle? If the car isn't listed below, owners can check USA TODAY's automotive recall database or search NHTSA's database for new recalls. The NHTSA website allows you to search for recalls based on your vehicle identification number, or VIN. Here's what you need to know about the vehicle recalls published by NHTSA from July 14 to July 20. Car recalls: Nissan, Ford, Chevrolet among over 750,000 vehicles recalled: Check car recalls Jaguar recalls vehicles over air bag issue Jaguar Land Rover North America, LLC (Jaguar) recalled certain 2021-2024 E-Pace vehicles due to an issue that could cause the passenger air bag to tear on deployment, according to the recall report. Dealers are set to replace the passenger air bag module, free of charge. Notification letters are to be mailed September 5. Affected vehicles: 657 Mercedes-Benz vehicles recalled over faulty backup camera Daimler Vans recalled certain 2020-2023 Mercedes-Benz Metris vehicles due to a potentially faulty rearview camera. The electrical connections for the infotainment system may not be properly secured, which can cause the rearview camera image not to display, according to the NHTSA. Dealers are to inspect and repair the infotainment system connection, for free. Notification letters are to be mailed September 5. Affected vehicles: 43,422 Ford recalls vehicles for fuel leak Ford recalled certain 2021-2024 Bronco Sport and 2020-2022 Escape vehicles with a 1.5L engine as they may have a fuel injector that can crack and leak fuel. The cracked fuel injector leaking may result in fuel or vapor migrating to and accumulating near ignition sources, resulting in potential under hood fire, according to the recall report. The recall is connected to previous recalls in November 2022 and March 2024. The recalled vehicles were separately recalled in late June due to the possibility that the rearview camera may fail. The remedy is currently under development; however dealers will update the engine control software as an interim repair for free. Letters notifying owners of the safety risk are expected to be mailed August 18 with a follow-up expected when the remedy becomes available. Affected vehicles: 694,271 Contributing: Saleen Martin – USA TODAY
Economic Times
02-07-2025
- Automotive
- Economic Times
Jaguar Stock Price: Here's current price trends, stock performance, key drivers, risks, forecast and more
TIL Creatives I visualize the falling share price of Tata Motors, with the Jaguar Land Rover logo subtly placed in the background. Jaguar's stock performance and market position have come under scrutiny after a sharp sales decline in Europe. The company's rebranding strategy and transition to electric vehicles have raised concerns among investors and long-time customers. With a limited product range and falling profits, Jaguar now faces significant Health Inc. (JAGX), listed on NASDAQ, has been facing volatility. In early July 2025, the stock traded near $0.11 per share. Over the past six months, it has declined by over 60%. The fall in stock value reflects investor concern over Jaguar's future business prospects, particularly the sales collapse in Europe. The trading volume in recent sessions has increased, suggesting high interest but limited confidence. Analysts note that the stock is in a bearish trend. Technical indicators show resistance at $0.15 and support around $0.09. The stock has not yet shown signs of recovery for Jaguar's stock remain cautious. Analysts have issued neutral to negative outlooks in the short term. Price targets are modest due to continued losses and limited product availability. Jaguar's next line-up of electric vehicles is expected in 2026. Until then, revenue generation is expected to remain company's restructuring plan has not yet yielded results. Unless Jaguar can bridge the product gap or generate alternative income, the stock may continue under pressure. Recovery depends on the success of the new electric models and regaining customer trust. In April 2025, Jaguar registered only 49 vehicle sales in Europe. This marked a 97.5% drop compared to the 1,961 units sold in April 2024. The fall followed a rebranding campaign that removed the iconic Jaguar symbol and discontinued all current replacements ready for launch, the company has few vehicles to offer. This has reduced dealer inventory and sales. Major rivals like BMW and Mercedes-Benz have continued strong performance during the same period, widening the gap between Jaguar and its new branding strategy was launched in November 2024. The campaign aimed to attract younger, urban buyers by focusing on design and minimalism. However, the advertisements did not feature vehicles. Slogans such as 'Copy Nothing' and 'Delete Ordinary' were used, creating brand's existing customer base felt alienated. Social media reactions were mostly negative. Elon Musk's viral comment, 'Do you sell cars?' reflected general consumer sentiment. The branding shift failed to connect with new audiences and weakened links with past ended production of several models including the XE, XF, F-Type, E-Pace, and I-Pace. These vehicles were removed from showrooms before replacements were introduced. The next-generation electric models are expected only in created a gap in supply. Dealers reported low inventory, and potential buyers had limited options. The absence of transitional products contributed to Jaguar's falling sales and increased frustration among loyal customers. Also Read: NYT Strands Hints Today, July 2: Theme, clues, spangram, answers and tips for excelling in the game Jaguar Land Rover has lowered its profit expectations. Losses from the drop in vehicle sales have impacted revenue. Investors remain cautious as the company navigates the brand reset and EV rollout future depends on its ability to launch new vehicles on schedule and repair its brand image. The company must also address investor concerns by aligning marketing with available products and stabilising financial situation highlights the risks of rapid brand changes without adequate product planning. Rebranding should not isolate the existing customer base. Brands like Porsche managed a smoother shift by maintaining core values while introducing Jaguar case also shows that timing matters. A campaign must align with actual product availability. Without cars to back its new image, Jaguar's marketing failed to generate results. Also Read: NYT Connections Hints Today, July 2: Categories, clues, answers and tips to master the tricky game Trading at $2.51, near its intraday low of $2.50. Low volume (~15k shares) suggests limited market activity. Technical indicators are mixed: 50‑day moving average around $5.86 implies a bearish trend. Short-Term CoinCodex projects a slight dip to $2.50 by late July 2025 (−0.15%), with bearish sentiment. consensus: 'Strong Buy' rating, 12‑month target at $60 (huge upside). Mid-Term expects a rise to $4.91 by July 2026 (≈+95%). Long-Term TradingView analytics report a wide target range: $16–$40, average at $28. Revenue Growth Q1 2025 revenue: $2.2 million from prescription and licensing. 2024 annual revenue: $11.7 million, up ~20% from 2023. Funding Activities Recent $1.5 million direct share offering. $2.95 million sold under previous ATM, with $3.38 million capacity remaining. Analyst Coverage Consensus: 'Strong Buy' from 2 analysts. Average target indicates 250%+ upside potential. Market Sentiment Fear & Greed Index at 39 ('Fear'), price volatility ~22%. July–Sept 2025: ~ $2.50, slight dip expected Mid‑2026: Rise to $4.90 forecast Long‑term: Analyst range $16–$60 Short-term momentum is weak with bearish indicators and low volume. Mid-term projections are positive if revenue growth continues and dilution is managed. Long-term targets rely heavily on optimistic analyst assumptions and major operational success. Risk factors: ongoing dilution, variable revenues, and unproven commercial product pipeline. Upside potential: strong if the company achieves its growth targets and manages funding needs efficiently. What is Jaguar's current stock price and outlook? Jaguar Health Inc. trades around $0.11. The outlook is cautious due to sales declines, low inventory, and uncertainty around its upcoming EV launch. When will Jaguar launch new electric vehicles? Jaguar's new electric models are expected in 2026. Until then, most dealerships have limited stock, which affects sales and investor confidence.
Yahoo
02-05-2025
- Automotive
- Yahoo
Magna plans cost-cutting measures to cushion tariff hit after profit misses estimate
(Reuters) -Canadian auto parts supplier Magna International said on Friday that it plans to implement cost-saving measures to cushion the hit from U.S. President Donald Trump's sweeping tariffs. The cost-cutting plans come after the company missed first-quarter profit estimates due to a 3% decline in global vehicle production, with Magna especially impacted by Tata Motors' Jaguar halting production of I-Pace and E-Pace. Trump's wavering tariff policies could further roil Magna's financials, as they have forced U.S. auto companies to rethink part sourcing and production output. "We are actively advancing several initiatives, including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending to mitigate the impact of tariffs," said Magna CEO Swamy Kotagiri. Further details on the cost cuts could be the key focus for investors on the company's conference call with analysts later in the day. On an adjusted basis, Magna earned 78 cents per share for the quarter through March, compared with analysts' estimates of 90 cents per share according to data compiled by LSEG. Overall quarterly sales fell about 8.2% to $10.07 billion from a year earlier but outperformed estimates of $9.7 billion. Its peer Aptiv, however, forecast its second-quarter profit above analysts' estimates on Thursday, betting on benefits from its previously employed cost-saving measures.
