Latest news with #MikeBishop
Yahoo
4 days ago
- Business
- Yahoo
FCEL Q1 Earnings Call: Restructuring Focuses on Carbonate Fuel Cells Amid Demand Shift
Carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL) beat Wall Street's revenue expectations in Q1 CY2025, as sales rose 66.8% year on year to $37.41 million. Its GAAP loss of $1.79 per share increased from -$2.18 in the same quarter last year. Is now the time to buy FCEL? Find out in our full research report (it's free). Revenue: $37.41 million (66.8% year-on-year growth) Backlog: $1.26 billion at quarter end, up 18.7% year on year Market Capitalization: $118 million FuelCell Energy's first quarter performance reflected management's decisive actions to restructure the business and concentrate on its molten carbonate fuel cell platform. CEO Jason Few explained that the company is "intensifying our focus on our carbonate platform while reducing overhead to optimize our supply chain and focusing on driving efficiency." This restructuring included workforce reductions, significant cuts to discretionary overhead, and a pause in broader solid oxide research and development. The company also adjusted its Torrington manufacturing facility production schedule to match contracted demand, rather than forecasted projections, in response to a slower-than-anticipated pace of order growth. Management cited ongoing demand for distributed power generation, particularly in the U.S., Asia, and Europe, as a primary driver behind the quarter's operational choices. Looking forward, FuelCell Energy's strategic roadmap is anchored by the expectation that growth in distributed power generation and rising electricity needs, especially from data centers, will create new opportunities. CEO Jason Few highlighted, "We believe that this restructuring plan will sharpen and accelerate our path to positive cash flow and growth." The company is prioritizing its carbonate platform and leveraging strategic partnerships, such as Dedicated Power Partners, to access new markets and customers. Management also sees potential in carbon capture and hydrogen-related technologies, but is clear that commercialization efforts will remain focused on products with immediate market readiness. The company's future profitability, according to CFO Mike Bishop, is closely tied to achieving higher production volumes at its Torrington facility and maintaining disciplined cost management. Management attributed the quarter's results to a strategic restructuring designed to reduce costs and prioritize proven technologies, while external factors like delayed order flow influenced operational adjustments. Restructuring to cut costs: The company announced a global restructuring plan, including workforce reductions and a significant decrease in discretionary expenses, to lower annual operating costs by 30% compared to last year. These actions are intended to support a faster path to positive cash flow. Focus on carbonate platform: FuelCell Energy shifted its primary focus to its carbonate fuel cell technology, citing immediate market demand and scalability. The solid oxide technology program has been scaled back, with R&D paused except for a targeted demonstration at Idaho National Laboratory. Manufacturing aligned with demand: The Torrington, Connecticut facility's production schedule was recalibrated to match contracted—not projected—demand, resulting in a reduced near-term annualized production rate. Management believes this demand-driven approach will position the company for sustainable growth. New strategic partnerships: The Dedicated Power Partners arrangement, formed with Diversified Energy, is expected to accelerate deployment of carbonate fuel cells for data centers and industrial customers. Management highlighted active customer discussions in regions like Northern Virginia and Kentucky. Backlog and service growth: Backlog increased year over year, aided by long-term service agreements and a new 20-year power purchase arrangement in Hartford, Connecticut. Management emphasized the importance of service contracts as a recurring revenue stream, particularly as more projects transition to a service-focused model. FuelCell Energy's outlook is shaped by expectations for rising distributed power demand, data center growth, and disciplined expense management. Data center and distributed power demand: Management believes the expanding needs of data centers and the global push for grid resilience will drive order flow for carbonate fuel cells. CEO Jason Few cited the rapid build-out of data infrastructure and growing electricity demand as "long-term mega trends" supporting the company's relevance. Execution of Dedicated Power Partners: The success of the Dedicated Power Partners initiative, which pairs FuelCell Energy's technology with strategic fuel sourcing, is seen as essential for unlocking new markets and accelerating growth. Early customer engagement in key regions is underway, but realization of meaningful volume depends on converting these discussions into orders. Path to profitability tied to volume: CFO Mike Bishop indicated that achieving positive adjusted EBITDA requires an annualized production rate of 100 megawatts at the Torrington facility. Management noted that current production is at 31 megawatts, and ramping up will depend on the timing and scale of new customer orders. Risks include slower-than-expected order intake and potential delays in project execution. In the coming quarters, our analysts will monitor (1) order conversion progress within the Dedicated Power Partners initiative, particularly in data center projects; (2) the impact of the restructuring on operating expenses and production efficiency; and (3) the pace at which the Torrington facility can scale production toward the 100 megawatt threshold. Additionally, updates on new service agreements and backlog expansion will be critical indicators of execution. FuelCell Energy currently trades at a forward price-to-sales ratio of 0.6×. Should you double down or take your chips? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Automotive
- Yahoo
Q2 2025 LeddarTech Holdings Inc. Earnings Call
Mike Bishop; IR; LeddarTech Holdings Inc. Frantz Saintellemy; President &CEO LeddarTech Holdings Inc Chris Stewart; CFO; LeddarTech Holdings Inc Operator Thank you for standing by and welcome to the Leddar tech second quarter 2025, financial results conference call. (Operator Instructions). I'd now like to turn the call over to Mike Bishop with the company's investor relations. You may begin. Mike Bishop Thank you and good morning. Today Frantz Saintellemy, Leddartech's President and Chief Executive Officer, and Chris Stewart, our Chief Financial Officer, are with me. As a reminder, LeddarTech is an automotive software company that delivers a unified multimodal AI platform software solution that serves the growing market ranging from mainstream advanced driver assistance systems, or ADAS to full autonomous driving or AD applications. Before we begin, I remind everyone that this call may contain forward-looking statements based on management's current expectations and beliefs. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from our expectations. And should be considered in conjunction with the cautionary statements contained in our business update release and the company's Form 20 filed with the SEC. During today's call, management may provide certain information that will constitute non-IFRS financial measures such as adjusted operating expenses and adjusted EBITDA. Reconciliations to IFRS measures and the additional information are also included in today's business update release available on the company's investor relations website at I will now turn the call over to Frantz. Frantz Saintellemy Thanks, Mike, and thank you everyone for joining today's call. In the past 6 months, Nerotech has made remarkable progress in business development, positioning us to sustained commercial success in the rapidly evolving ADAS and autonomous driving markets. At Letertech we are delivering what we believe to be the industry's most advanced, efficient, and scalable AI-based perception software for ADAS and autonomous driving. Radaris is a high performance AI powered multimodal sensor fusion and perception software platform that processes raw data from cameras, radar, and lidar at the earliest stage, enabling superior accuracy and robustness in even the most challenging driving conditions, transforming how vehicles understand and react to their environment. Unlike traditional approaches that fuse sensor data late in the processing pipeline, we leverage low level raw data fusion, giving us a much more contextual, accurate, and robust perception. This software first strategy has allowed us to reduce sensor count and system costs while improving performance. Achieve high resolution 360 degree perception on lower cost edge processors. And to deliver scalable functionality from L28S to L4 autonomous systems. Importantly, our technology is ready for integration into next generation ADAS and AD systems. It has been extensively road tested and validated. We've completed over 110 live on-road demonstrations using our laddar navigator vehicle fleet. Showcasing our full stack AI software in real traffic scenarios. We also conducted live demonstrations of production ready technology at CES in January, and the feedback has been overwhelmingly positive. The ultimate validation came in February when we announced that we secured a significant design win with a major commercial trucking OEM. This win marks a pivotal milestone as we transition from validation to commercialization. To clarify, the deal is for a current line of vehicles, and work has already begun on integration and productization for the 2028 model year. We are now in the final stages of platform selection with additional OEMs with decisions expected later this year. Our sales pipeline has grown substantially, with dozens of active opportunities now representing over $2 billion in potential lifetime revenue, reflecting the strong market demand for our platform. We've conducted roadshows and live demonstrations across Europe and China to build the pipeline, and we are closely tracking the designing process. Partnerships remain core to our strategy. In our accelerating business development. Let me highlight a couple of key developments with some of our strategic partners. First, Texas Instruments. Our partnership with Texas Instruments signed late last year, includes a $10 million in pre-paid royalties reflecting deep confidence in the commercial potential of our platform. We have bundled led our vision with TI's TDA processor platform, creating the industry's first open ADAS and AD software plus hardware solution for L2 to L4 applications. And with AM, we have optimized the leddar vision for their A automotive processors integrated with cloud-based software defined vehicle workflows via Sophie, enabling rapid development and validation. Black Sesame and Nvidia are another example. Our software is now ported into 5 major SOC suppliers, providing customers with the flexibility to deploy on the platform of their choice. Engineering partnerships with the likes of AVL, SE, and [TTech] Auto, recently acquired by NXP are extending our reach with tailored integrations and joint development opportunities. These strategic alliances are not just expanding our market access, they are driving immediate customer engagement, accelerating design winds, and enabling the swift commercialization of our technology, ensuring we meet the growing demand for scalable ADA solutions across industries. Now, I'm excited to announce Leddar sim, our groundbreaking multimodal simulation solution for real world neural reconstruction of driving scenarios. Let our SIM dramatically reduces the cost and time required for training and validating ADAS and AD systems, a major industry challenge. The cost of data collection and annotation has traditionally been a significant barrier to introduction of more complex new data features and AD functionalities. For example, launching a new L2+ system typically requires collecting and annotating around $5 million frames of real world data. With leddar SI, we believe we can achieve the same performance with as little as 1/10 of the raw data, reducing costs by nearly 90%. Leddar SI allows developers to leverage a relatively small amount of real world data to simulate a wide variety of operational design domains. This means we can simulate the multitude of corner cases these systems must be trained on before release to production. Unlike competing solutions that use synthetic data with a gaming engine behind them, LeddarSim uses real world multi-sensor data to reconstruct multimodal scenarios with near zero simulation gaps. We developed the Leddar Sim to facilitate training and validation for our Leddar vision product line, but its productization opens a new multi-billion dollar market, creating a high margin, scalable fa or software as a service, revenue opportunity for leddartech. Beginning today, we're offering free trials and paid evaluation licenses to a select number of early access customers with broad availability expected later this year. The advantages for our customers are clear reduced data collection, reduced annotation costs, and accelerated development time. We believe Leddar sim could act as a catalyst to drive faster progress across the ADAS and AD market spectrum. We've been very active at industry events and trade shows. In addition to CES at Embedded world and tech AD Europe, customer interest was extremely high. At Hanover, Mass 2025 we've conducted 360 degree virtual reality demonstrations, detailed product presentations, and customer meetings. These events help demonstrate product readiness and generate valuable customer interaction. With these exciting developments in mind, I'll now hand it over to Chris, who will take us through the financial highlights for the second quarter of 2025, reflecting the strong performance we've seen alongside these innovations. Chris Stewart Thanks Franz, and good morning everyone. I will provide an overview of our second quarter 2025 financial results and then highlight what we are focused on as we head into the second half of 2025. Note that all dollar figures are CAD unless otherwise noted, as this is our functional currency. For the fiscal second quarter ended March 30, 2025, revenue from continuing operations totaled $239,000 up 96% from the $122,000 recorded in the year ago quarter. With Leddar now excluded, our revenue is primarily derived from non-recurring engineering or NRE services and paid proof of concept projects with light vision customer. But the fiscal second quarter ended March 30, 2025. I dollar loss was $8.4 million compared to a $14 million dollar loss in the fiscal second quarter of 2024. The lower loss was primarily due to lower stock based compensation and financing related expenses, partially offset by higher R&D expense as we are no longer capitalizing a substantial portion of R&D as we were in the prior period. Adjusted EBITDA in Q2 was a loss of $12 million compared to a loss of $8.7 million in the year ago quarter. A higher loss was primarily attributable to higher R&D expense, given that we are no longer capitalizing R&D expense. We continue to tightly manage and optimize operating expenses, being mindful of our current balance sheet. That loss from continuing operations for the fiscal second quarter was $16 million compared with a $17 million loss in the fiscal second quarter of 2024. The decrease net loss was primarily due to lower stock based compensation and financing expenses offset by the previously mentioned higher R&D expense. Turning to the balance sheet, we ended the quarter with $9.2 million in cash and $105 million in short and long term debt. During the quarter, we sold approximately 600,000 shares on our standby equity purchase agreement, raising approximately $1.5 million. Our weighted average share count for the quarter was $37.6 million shares. On April 1, 2025, we announced that we had entered into amendments to both our bridge loan and our Desjardins credit facility. Those amendments require that the company produce a plan for refinancing, recapitalizing, or other suitable transaction by May 16, 2025. For that end, we have engaged a financial adviser to do a comprehensive review of the options that are available to the company. We are currently exploring all alternatives to secure the financing necessary to continue to pursue our strategic goals. Turning now to our outlook for the second half of 2025, we are focused on three key objectives. First, we are working to secure the capital we need to strengthen our balance sheet. Second, we are focused on executing on the design in activities for our announced OEM design win. And third, we will progress a commercial pipeline with the goal of achieving additional design wins this year. Finally, note that we expect to report fiscal third quarter 2025, results for the quarter ended June 30, 2025 in mid August, but will not hold a conference call to discuss those results. Our plan remains to hold conference call updates in conjunction with both our mid-year and end of year 2025 results. I will now turn the call over to Franz for closing comments. Franz. Frantz Saintellemy I would like to thank everyone for joining the call today. In closing, with Leddar [Singh] offering a game changing solution for training and validation and the growing demand for our leddar vision, we are excited about the future. We are confident that we are well positioned to lead in the ADA and autonomous driving space and to continue creating long-term values. Thank you. Operator This concludes today's conference call. You may now disconnect. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Automotive
- Yahoo
Q2 2025 LeddarTech Holdings Inc. Earnings Call
Mike Bishop; IR; LeddarTech Holdings Inc. Frantz Saintellemy; President &CEO LeddarTech Holdings Inc Chris Stewart; CFO; LeddarTech Holdings Inc Operator Thank you for standing by and welcome to the Leddar tech second quarter 2025, financial results conference call. (Operator Instructions). I'd now like to turn the call over to Mike Bishop with the company's investor relations. You may begin. Mike Bishop Thank you and good morning. Today Frantz Saintellemy, Leddartech's President and Chief Executive Officer, and Chris Stewart, our Chief Financial Officer, are with me. As a reminder, LeddarTech is an automotive software company that delivers a unified multimodal AI platform software solution that serves the growing market ranging from mainstream advanced driver assistance systems, or ADAS to full autonomous driving or AD applications. Before we begin, I remind everyone that this call may contain forward-looking statements based on management's current expectations and beliefs. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from our expectations. And should be considered in conjunction with the cautionary statements contained in our business update release and the company's Form 20 filed with the SEC. During today's call, management may provide certain information that will constitute non-IFRS financial measures such as adjusted operating expenses and adjusted EBITDA. Reconciliations to IFRS measures and the additional information are also included in today's business update release available on the company's investor relations website at I will now turn the call over to Frantz. Frantz Saintellemy Thanks, Mike, and thank you everyone for joining today's call. In the past 6 months, Nerotech has made remarkable progress in business development, positioning us to sustained commercial success in the rapidly evolving ADAS and autonomous driving markets. At Letertech we are delivering what we believe to be the industry's most advanced, efficient, and scalable AI-based perception software for ADAS and autonomous driving. Radaris is a high performance AI powered multimodal sensor fusion and perception software platform that processes raw data from cameras, radar, and lidar at the earliest stage, enabling superior accuracy and robustness in even the most challenging driving conditions, transforming how vehicles understand and react to their environment. Unlike traditional approaches that fuse sensor data late in the processing pipeline, we leverage low level raw data fusion, giving us a much more contextual, accurate, and robust perception. This software first strategy has allowed us to reduce sensor count and system costs while improving performance. Achieve high resolution 360 degree perception on lower cost edge processors. And to deliver scalable functionality from L28S to L4 autonomous systems. Importantly, our technology is ready for integration into next generation ADAS and AD systems. It has been extensively road tested and validated. We've completed over 110 live on-road demonstrations using our laddar navigator vehicle fleet. Showcasing our full stack AI software in real traffic scenarios. We also conducted live demonstrations of production ready technology at CES in January, and the feedback has been overwhelmingly positive. The ultimate validation came in February when we announced that we secured a significant design win with a major commercial trucking OEM. This win marks a pivotal milestone as we transition from validation to commercialization. To clarify, the deal is for a current line of vehicles, and work has already begun on integration and productization for the 2028 model year. We are now in the final stages of platform selection with additional OEMs with decisions expected later this year. Our sales pipeline has grown substantially, with dozens of active opportunities now representing over $2 billion in potential lifetime revenue, reflecting the strong market demand for our platform. We've conducted roadshows and live demonstrations across Europe and China to build the pipeline, and we are closely tracking the designing process. Partnerships remain core to our strategy. In our accelerating business development. Let me highlight a couple of key developments with some of our strategic partners. First, Texas Instruments. Our partnership with Texas Instruments signed late last year, includes a $10 million in pre-paid royalties reflecting deep confidence in the commercial potential of our platform. We have bundled led our vision with TI's TDA processor platform, creating the industry's first open ADAS and AD software plus hardware solution for L2 to L4 applications. And with AM, we have optimized the leddar vision for their A automotive processors integrated with cloud-based software defined vehicle workflows via Sophie, enabling rapid development and validation. Black Sesame and Nvidia are another example. Our software is now ported into 5 major SOC suppliers, providing customers with the flexibility to deploy on the platform of their choice. Engineering partnerships with the likes of AVL, SE, and [TTech] Auto, recently acquired by NXP are extending our reach with tailored integrations and joint development opportunities. These strategic alliances are not just expanding our market access, they are driving immediate customer engagement, accelerating design winds, and enabling the swift commercialization of our technology, ensuring we meet the growing demand for scalable ADA solutions across industries. Now, I'm excited to announce Leddar sim, our groundbreaking multimodal simulation solution for real world neural reconstruction of driving scenarios. Let our SIM dramatically reduces the cost and time required for training and validating ADAS and AD systems, a major industry challenge. The cost of data collection and annotation has traditionally been a significant barrier to introduction of more complex new data features and AD functionalities. For example, launching a new L2+ system typically requires collecting and annotating around $5 million frames of real world data. With leddar SI, we believe we can achieve the same performance with as little as 1/10 of the raw data, reducing costs by nearly 90%. Leddar SI allows developers to leverage a relatively small amount of real world data to simulate a wide variety of operational design domains. This means we can simulate the multitude of corner cases these systems must be trained on before release to production. Unlike competing solutions that use synthetic data with a gaming engine behind them, LeddarSim uses real world multi-sensor data to reconstruct multimodal scenarios with near zero simulation gaps. We developed the Leddar Sim to facilitate training and validation for our Leddar vision product line, but its productization opens a new multi-billion dollar market, creating a high margin, scalable fa or software as a service, revenue opportunity for leddartech. Beginning today, we're offering free trials and paid evaluation licenses to a select number of early access customers with broad availability expected later this year. The advantages for our customers are clear reduced data collection, reduced annotation costs, and accelerated development time. We believe Leddar sim could act as a catalyst to drive faster progress across the ADAS and AD market spectrum. We've been very active at industry events and trade shows. In addition to CES at Embedded world and tech AD Europe, customer interest was extremely high. At Hanover, Mass 2025 we've conducted 360 degree virtual reality demonstrations, detailed product presentations, and customer meetings. These events help demonstrate product readiness and generate valuable customer interaction. With these exciting developments in mind, I'll now hand it over to Chris, who will take us through the financial highlights for the second quarter of 2025, reflecting the strong performance we've seen alongside these innovations. Chris Stewart Thanks Franz, and good morning everyone. I will provide an overview of our second quarter 2025 financial results and then highlight what we are focused on as we head into the second half of 2025. Note that all dollar figures are CAD unless otherwise noted, as this is our functional currency. For the fiscal second quarter ended March 30, 2025, revenue from continuing operations totaled $239,000 up 96% from the $122,000 recorded in the year ago quarter. With Leddar now excluded, our revenue is primarily derived from non-recurring engineering or NRE services and paid proof of concept projects with light vision customer. But the fiscal second quarter ended March 30, 2025. I dollar loss was $8.4 million compared to a $14 million dollar loss in the fiscal second quarter of 2024. The lower loss was primarily due to lower stock based compensation and financing related expenses, partially offset by higher R&D expense as we are no longer capitalizing a substantial portion of R&D as we were in the prior period. Adjusted EBITDA in Q2 was a loss of $12 million compared to a loss of $8.7 million in the year ago quarter. A higher loss was primarily attributable to higher R&D expense, given that we are no longer capitalizing R&D expense. We continue to tightly manage and optimize operating expenses, being mindful of our current balance sheet. That loss from continuing operations for the fiscal second quarter was $16 million compared with a $17 million loss in the fiscal second quarter of 2024. The decrease net loss was primarily due to lower stock based compensation and financing expenses offset by the previously mentioned higher R&D expense. Turning to the balance sheet, we ended the quarter with $9.2 million in cash and $105 million in short and long term debt. During the quarter, we sold approximately 600,000 shares on our standby equity purchase agreement, raising approximately $1.5 million. Our weighted average share count for the quarter was $37.6 million shares. On April 1, 2025, we announced that we had entered into amendments to both our bridge loan and our Desjardins credit facility. Those amendments require that the company produce a plan for refinancing, recapitalizing, or other suitable transaction by May 16, 2025. For that end, we have engaged a financial adviser to do a comprehensive review of the options that are available to the company. We are currently exploring all alternatives to secure the financing necessary to continue to pursue our strategic goals. Turning now to our outlook for the second half of 2025, we are focused on three key objectives. First, we are working to secure the capital we need to strengthen our balance sheet. Second, we are focused on executing on the design in activities for our announced OEM design win. And third, we will progress a commercial pipeline with the goal of achieving additional design wins this year. Finally, note that we expect to report fiscal third quarter 2025, results for the quarter ended June 30, 2025 in mid August, but will not hold a conference call to discuss those results. Our plan remains to hold conference call updates in conjunction with both our mid-year and end of year 2025 results. I will now turn the call over to Franz for closing comments. Franz. Frantz Saintellemy I would like to thank everyone for joining the call today. In closing, with Leddar [Singh] offering a game changing solution for training and validation and the growing demand for our leddar vision, we are excited about the future. We are confident that we are well positioned to lead in the ADA and autonomous driving space and to continue creating long-term values. Thank you. Operator This concludes today's conference call. You may now disconnect.
The Independent
07-02-2025
- Automotive
- The Independent
Queen Elizabeth II's personal Land Rover fleet hits the road for US showcase
Britain's longest-serving monarch, the late Queen Elizabeth II, will be honoured by Land Rover for her love of the iconic British motorcar in an exclusive exhibition across the pond. Americans on the East Coast can catch a glimpse of a number of historic vehicles from the late Queen's personal fleet and that of the British royal household. After a successful 2024 tour across the US, one more stop has been marked on the map with royal fans able to check out a specialised collection of Elizabeth II's own cars at ModaMiami in Florida in March. The exhibition will showcase a specialised collection of five Series, Defender, and Range Rover models used by the late Queen during her 70-year reign. The display will feature vehicles used by the Royal family, either in an official capacity or as part of the household fleet. The Miami exhibition will boast five historic models of Land Rover, including two of the earliest Royal vehicles: the first Land Rover Series I State Review vehicle and a Land Rover Series I owned by the Royal family. The vehicles on display will include those from Land Rover Classic, the British Motor Museum, and a private collection. While the late Queen dedicated her life to service, her love for the motor car was sparked well before she ever donned a crown at age 19. In the Second World War, she became the first female member of the Royal family to volunteer for military duty, joining the Auxiliary Territorial Service in 1945, where she trained as a driver and mechanic. Her time in the military fuelled a love of driving and mechanics that lasted throughout her life. Chief Historian at Jaguar Land Rover North America Mike Bishop told Marie Claire in 2024 that he once got a glimpse of Elizabeth II behind the wheel. 'A few years ago, I attended the Royal Windsor Horse Show. Very early in the morning, a colleague and I met to see the pony displays, and we saw The Queen drive up in her 2009 Range Rover,' he said. He explained that, while she toured about the ground in her Land Rover, she 'just looked completely at home, like a normal woman in the countryside. The exclusive Miami display of five Royal-affiliated Land Rovers, including State Review vehicles and personal estate cars, honour the late Queen's dedication to service and her connection to the iconic British vehicle. The Vehicles of HM Queen Elizabeth II exhibition will run on March 1 and 2 at The Biltmore Hotel in Coral Gables, Florida.
Yahoo
07-02-2025
- Automotive
- Yahoo
Queen Elizabeth II's personal Land Rover fleet hits the road for US showcase
Britain's longest-serving monarch, the late Queen Elizabeth II, will be honoured by Land Rover for her love of the iconic British motorcar in an exclusive exhibition across the pond. Americans on the East Coast can catch a glimpse of a number of historic vehicles from the late Queen's personal fleet and that of the British royal household. After a successful 2024 tour across the US, one more stop has been marked on the map with royal fans able to check out a specialised collection of Elizabeth II's own cars at ModaMiami in Florida in March. The exhibition will showcase a specialised collection of five Series, Defender, and Range Rover models used by the late Queen during her 70-year reign. The display will feature vehicles used by the Royal family, either in an official capacity or as part of the household fleet. The Miami exhibition will boast five historic models of Land Rover, including two of the earliest Royal vehicles: the first Land Rover Series I State Review vehicle and a Land Rover Series I owned by the Royal family. The vehicles on display will include those from Land Rover Classic, the British Motor Museum, and a private collection. While the late Queen dedicated her life to service, her love for the motor car was sparked well before she ever donned a crown at age 19. In the Second World War, she became the first female member of the Royal family to volunteer for military duty, joining the Auxiliary Territorial Service in 1945, where she trained as a driver and mechanic. Her time in the military fuelled a love of driving and mechanics that lasted throughout her life. Chief Historian at Jaguar Land Rover North America Mike Bishop told Marie Claire in 2024 that he once got a glimpse of Elizabeth II behind the wheel. 'A few years ago, I attended the Royal Windsor Horse Show. Very early in the morning, a colleague and I met to see the pony displays, and we saw The Queen drive up in her 2009 Range Rover,' he said. He explained that, while she toured about the ground in her Land Rover, she 'just looked completely at home, like a normal woman in the countryside. The exclusive Miami display of five Royal-affiliated Land Rovers, including State Review vehicles and personal estate cars, honour the late Queen's dedication to service and her connection to the iconic British vehicle. The Vehicles of HM Queen Elizabeth II exhibition will run on March 1 and 2 at The Biltmore Hotel in Coral Gables, Florida.
