financetom
Business
financetom
/
Business
/
JLR to invest $80 million to meet demand for custom luxury car colours
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
JLR to invest $80 million to meet demand for custom luxury car colours
Jan 26, 2025 4:28 PM

(Reuters) - Jaguar Land Rover (JLR) will invest 65 million pounds ($80.71 million) to expand its luxury paint services in the UK and Slovakia to meet increased demand for personalised cars from high-end clients, it said on Monday.

The luxury car maker joins rival Rolls-Royce Motor Cars, a unit of BMW, in trying to cash in on the trend.

JLR will more than double the capacity of its SV Bespoke Paint matching service, allowing Range Rover SV clients to paint their cars in any colour, including those matching their private jets or yachts.

The company will open new paint facilities in Castle Bromwich, West Midlands and Nitra, Slovakia.

Rolls-Royce said earlier this month it will invest 300 million pounds to focus more on bespoke cars, featuring anything from gold sculptures to mother-of-pearl artwork.

($1 = 0.8053 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GSK Begins Shipping Flu Vaccines Flulaval, Fluarix
GSK Begins Shipping Flu Vaccines Flulaval, Fluarix
Jul 11, 2024
08:45 AM EDT, 07/11/2024 (MT Newswires) -- GSK (GSK) said Thursday that it has started shipping doses of its trivalent influenza vaccines Flulaval and Fluarix to US healthcare providers and pharmacies ahead of this winter's flu season. The company said the move immediately follows the US Food and Drug Administration's licensing and lot-release approval. GSK said it expects to distribute...
Coveo Solutions Details Preliminary Results of Substantial Issuer Bid
Coveo Solutions Details Preliminary Results of Substantial Issuer Bid
Jul 11, 2024
08:46 AM EDT, 07/11/2024 (MT Newswires) -- Coveo Solutions ( CVOSF ) , an enterprise AI platform, reported on Thursday the preliminary results of its substantial issuer bid (SIB) for $50 million of its subordinate voting shares priced between $7.70-$9.25. Coveo said it expects to take up and pay for nearly 6.5 million subordinate voting shares at $7.70 apiece, representing...
Conagra Brands forecasts annual revenue below estimates on tepid demand
Conagra Brands forecasts annual revenue below estimates on tepid demand
Jul 11, 2024
July 11 (Reuters) - Conagra Brands ( CAG ) forecast annual revenue and profit below estimates after missing quarterly revenue expectations on Thursday, as high living costs prompted cash-strapped shoppers to turn to cheaper alternatives for their at-home meals. Shares of the company, which also missed quarterly revenue estimates, were down about 4% in premarket trading. The packaged food industry...
Conagra Brands Fiscal Q4 Adjusted Earnings, Net Sales Decline; Issues Fiscal 2025 Outlook
Conagra Brands Fiscal Q4 Adjusted Earnings, Net Sales Decline; Issues Fiscal 2025 Outlook
Jul 11, 2024
08:08 AM EDT, 07/11/2024 (MT Newswires) -- Conagra Brands ( CAG ) reported fiscal Q4 adjusted earnings Thursday of $0.61 per diluted share, down from $0.62 a year earlier. Analysts polled by Capital IQ expected $0.57. Net sales for the quarter ended May 26 were $2.91 billion, compared with $2.97 billion a year earlier. Analysts surveyed by Capital IQ expected...
Copyright 2023-2026 - www.financetom.com All Rights Reserved