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UPDATE 1-Jaguar Land Rover's fourth quarter is 'good news' -CEO

Wed, 12th May 2021 17:14

(Adds details)

LONDON, May 12 (Reuters) - Jaguar Land Rover's (JLR)
fourth-quarter results next week will be "good news" and the
carmaker is open to doing more in partnership with other
companies, including going further on an existing relationship
with BMW, its boss said on Wednesday.

"You don't know what is quarter four but I can tell you that
it's going to be good news again," Chief Executive Thierry
Bollore said at an online FT conference.

"You will see, that despite COVID, the performance of the
company has been incredible in the second part of the year."

JLR is due to report next week alongside parent company Tata
Motors.

Carmakers have been forming partnerships and alliances to
bring down the cost of developing new technologies for years.

Asked whether the company could do so in new areas, Bollore
said: "We have been exploring all possible partnerships and we
are at the moment on the verge to go much deeper with some of
them."

In 2019, the British firm announced it would work with BMW
to jointly develop electric motors, transmissions and power
electronics, as rivals team up to compete with the likes of
Tesla.

"We are exploring other potential business together,"
Bollore said.
(Reporting by Costas Pitas. Editing by Andrew MacAskill and
David Evans)

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