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Jaguar's Bold Rebrand: Navigating Controversy with a New Electric Future - News Directory 3

Jaguar’s Bold Rebrand: Navigating Controversy with a New Electric Future

December 1, 2024 Catherine Williams Business
News Context
At a glance
Original source: theguardian.com

When BMW took over the Mini brand and launched the Mini Cooper in 2001, some drivers were upset. Many put bumper stickers on their cars saying “this is a real Mini.” BMW executives stated that the Mini was not just a small BMW.

The controversy faded, and Mini now sells around 300,000 cars annually, with many featuring union jack tail-lights, regardless of ownership.

Now, another British brand, Jaguar, faces its own controversy as it gears up to show its first electric concept car. This time, the upset comes from a teaser video featuring a diverse group of models in an unusual landscape. The tagline “Copy nothing” indicates a shift from Jaguar’s past.

This rebranding effort is led by Gerry McGovern, chief creative officer of JLR, which owns Jaguar and successful Land Rover. McGovern aims to provoke reactions. “He wants to stir things up,” said a source familiar with his work.

Jaguar has seen declining sales, dropping from 180,000 in 2018 to fewer than 67,000 in 2023. Despite being a beloved brand, it struggles to compete with BMW, Mercedes-Benz, and Audi.

In 2021, JLR scrapped Jaguar’s original plans, including an electric XJ model, to focus on becoming an all-electric, expensive brand by 2025. This shift focuses on producing fewer, high-priced vehicles.

Jaguar previously found success with the I-Pace electric vehicle but faced challenges in expanding further into the SUV market due to concerns about affecting Land Rover sales.

Recent images of the new Jaguar show a vehicle resembling American muscle cars and featuring a digital rear-view mirror instead of a traditional rear window.

Ginny Buckley, a leader at an EV buying site, commented on the new Jaguar, stating it is astonishing. Feedback about the rebrand is divided; some appreciate the boldness, while others feel it strays from the essence of classic models, like the E-Type.

Jaguar aims for its first deliveries to occur in 2026, with prices projected around £100,000. This is a significant increase from the current average of about £55,000.

The automotive market is shifting as consumer preferences evolve, especially in the electric vehicle sector. New brands, particularly from China, are gaining traction, challenging established players.

Jaguar’s slogan “Copy nothing” may sound vague but reflects the industry’s unique challenges. The global car market is undergoing a major transition to electric vehicles, and no established strategy exists to follow.

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