Driving the news: Jaguar Land Rover CEO Adrian Mardell is calling it quits after three years running the luxury automaker and 35 years with the company. He will be replaced by
For context: Mardell took over in 2023 and helped JLR bounce back from pandemic struggles to post its best profits in a decade last year.
He shook up both brands pretty dramatically—turning Land Rover's big nameplates into standalone brands while completely reimagining Jaguar as a luxury EV-only company.
The first new Jaguar electric vehicle is supposed to debut this year and hit production in 2026, though there are reports of delays.
Why it matters: Mardell is leaving right when things are getting interesting. JLR is betting big on turning Jaguar into an ultra-luxury electric brand, which could either be brilliant or a total disaster. Plus, Trump's tariffs are hitting UK imports pretty hard, making the business math even trickier.
What we're watching: Who steps up to replace Mardell and whether they can pull off Jaguar's ambitious electric transformation without more setbacks.
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