Jaguar Land Rover (JLR) on 6 May outlined an ambitious programme entailing a spend of more than $8 billion on new cars over the next five years. The Tata-owned British marquee is also hitting the fast lane with Formula One race team Williams. A significant part of this $8 billion spend will be on designing and bringing out more than 40 new cars in the next 60 months, JLR CEO Ralf Speth said at a press briefing as the company unveiled a new hybrid car.
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