this morning jaguar land rover becomes the latest car manufacturer to announce a major investment in his year have been fully electric. ralf speth is the chief executive ofjaguar land rover and joins us from central london. good morning. a big announcement for you today, but it is fair to say that you are not the first to make an announcement as far as electric ca rs are concerned. an announcement as far as electric cars are concerned. why now? jaguar land rover, from 2020 onwards, is going to deliver the choice for the customer. electrified vehicles across the complete range. that means we are going to offer hybrid and better electric vehicles. in that sense jarrod lyle and rover was first. we delivered the very first vehicle designed from scratch, in the absolute best way, research and engineered so that the customer can receive a vehicle and can drive a vehicle with a cleared dna. forgive my ignorance, it is the tesla not the first car designed as a fully electric vehicle? you say you are doing it for electric vehicle? you say you are doing it foer, at tesla has gone electric alrea

works at the intersection between scientific research and industry, with the likes of miss anne jaguar land rover miss anne jaguar land rover," reuters. using module we have developed and represent the 70% improvement on the tesla battery module. that improvement has come about, not through changes in the chemistry but through changes in the way the module has been constructed, so way the module has been constructed, so putting the cell tighter together, whilst maintaining safety, improved cooling systems, etc. at the moment, the cost and range of new tvs and in charge about available to us is an issue. manufacturers like this and even offer a replacement diesel or petrol car customers who need to drive longer distances as part of their scheme. as well as making batteries, w nanograms is also looking at how oui’ w nanograms is also looking at how our charging behaviour can affect battery life with surprising results. it has made a smart algorithm that shows the degradation ofa car algorithm that shows the degradation of a car battery can be reduced by up of a car battery can be reduced by up to 1

land rover. a we thought vr would be a good idea at jaguar land rover.p accelerator programme in silicon valley called boost vici. we flew out in february until may. you were there for three months, you and your co—founder. i understand it was a flat with bunk beds. you were there with twentysomethings who had great, fantastic ideas in silicon valley. it is another world out there. everyone has a start up. you meet anybody, you might as well ask what their start—up is. anybody, you might as well ask what their start-up is. it is like a chat up their start-up is. it is like a chat up line! what does it let you do? having that financial backing and moral support, and technical networking support, how does it let you develop the business? it really helped us to monetise it because the basic app is free on the app store, we wanted to make it into a company. it helped us find out what the customers wanted, what corporations and universities would really want. 0ut there, everybody knows what virtual reality is. here, people may have heard of it, but out there,

makerjaguar land rover is announcing that from 2020 every new model will be available as an electric vehicle. jlr boss ralf speth explains his electric car strategy. at the end of the day, jaguarards, all of our vehicles will be electrified, and we're offering a portfolio, a portfolio of products. mild hybrid battery electric vehicles, so the customer can choose. but i would also like to emphasise that is not the end of the internal combustion engine. diesel and petrol engines are important and they are state of the art and contribute to the mobility today. that was the bass of —— boss of jaguar land rover. we have jane back, as it promised. let's delve into some of the stories. the founder of twitter going traditional on us, what is he up to? another disruptor. if on us, what is he up to? another disru ptor. if he on us, what is he up to? another disruptor. if he traditional or not? he wants a bank licence. he isn't the first tech company to go for a bank licence. you could say this is great, the banking industry needs more competition but there is another element to this. this is about regulation and control of the regulators. what he wants is not a traditional banking licen

manus: the jaguar land rover unveils its first full electric concept car today.s at a time when automakers are looking beyond traditional diesel and gasoline yield engines. us forompany ceo joins his first interview today. take you very much for joining us. as your business continues to make move further into electrification, tell us how far you think this can go. how big are your plans at the moment? the future in the automotive industry will be electric. in jaguar land rover, we going hybridser a variety of and battery-operated vehicles. from 2020 on, all of our vehicles by the choice for the customer to choose electric vehicle. manus: it's interesting you said provides a choice. what does the demand side looked like and what are the concerns of customers when they talk about making that choice? ralf: at the moment we see a higher demand. car,nstance, for our new we already have 25,000 orders in our order bank. i also have to say that the -- petrol and diesel engines are very important and we will see these for many years to come. anna: what is the market for t

works at the intersection between scientific research and industry with the likes of nissan and jaguar land rover collaborators. here's a module we developed and it represents about a 70—80% improvement on the tesla battery module. that improvement has come about not through changes in the chemistry but changes in the way the module has been constructed. packing the cells tighter together while maintaining safety, improved cooling systems, etc. at the moment, cost and range of new evs and the number of charging points available to us is an issue. manufacturers like nissan even offer up a replacement diesel or petrol car for customers needing to drive longer distances as part of their promise scheme. as well as batteries, wmg is looking at how our charging behaviour can affect battery life too surprising results. it's made a smart algorithm that shows degradation of a car battery can be reduced by up to 10% over a year if energy is transferred back to the grid. synonymous with evs is tesla, owner of the world's biggest battery factory. due to hit peak production in 2020, the gigafactory aims to pr

jaguar land rover has pulled the plug on a 2008 agreement with ford to supply gasoline engines in walesout half the workers at the factory, roughly 750 people, depend on this to make the six nv eight engines for jaguar land rover. deliveries will end in late 2020 and jaguar will replace them with engines from its own plant in england. alibaba is scouting locations for a second data center in europe to bolster challenges to amazon and google in the cloud. the company says it is weak in the region and is considering sweden. and sweeting -- the cloud unit is one of its fastest-growing units. and doubled revenue in the last quarter. j.p. morgan says they could raise 15% of total revenue by 2021. rishaad: now turning to that avalanche of japanese data, including prices. extending the run of gains, rising the month -- the most in eight years. that said, it is still way off the 2% target. let's get to tokyo. we had so many numbers today. it was difficult to make sense of all of them. what was your chief takeaway? >> generally speaking, the japanese economy continues to grow. we found economic

electric revolution is continuing on the roads with bmw and jaguar land rover both announcing plans to go green. bmw says all of its new cars will offer electric motors from the year twenty twenty five will judge your land rover announced similar plans take effect by twenty twenty.. they'r're following in the footsteps of volvo which will stop producing traditional petrol engines in just two years time. cocountries including france and the uk said they'll ban gas guzzling vehicles in the coming decades. all consumers begin shifting to hybrid or new generation motors. the whole world out there julia and how sick you thank you very much kate made eye with a business. now in town at tier media watch and enjoy my neck crush what he's going to take us through some of the media and social media reaction on this intense thoughts americans even in tv scene a houston hits with harvey. now we go to. about owning his way to the carribean asserting. haiti and the dominican republic as we speak and. leslie at to riches the cartoonist for a moment that with france looking on i guess a lot of people

the spotlight at the frankfurt motor show with new models from the likes of mercedes benz and jaguar land rover. but diesel gate is still casting a shadow over the industry francisci is a citron rejecting allegations which surfaced last week. the firm installed emissions cheating software almost two million of its cars. both sought in meanwhile is that it will begin offering electric vehicles of all electric versions of all its cars by the year twenty thirty. also showcase updated diesel technology though voting german carmaker's efforts make the engines cleaner rather than being forced to stop production all together. amanda feel i'm convinced that i will be a co existence between the combustion diesel and petrol engines alongside electric mixes many years. we need the diesel was abridging technology until we're able z. end of the next decade. all politically changed to electric. you know the french government is also trying to make diesel fuel a thing of the past it's already announced plans to phase out traditional petrol and diesel vehicles but you're twenty forty. and economy minister is r

and jaguar land rover goes electric. be electric or hybrid. it said the first of the new models that would be a fully electric vehicle, is the jaguar i—pace, which will go on sale in 2018. hello — welcome to the business news this afternoon. uk insurers have managed to persuade the government to change the system used to work out compensation payments to accident victims. the change is likely to cut the amount that victims will receive in compensation payments, but also could result in lower premiums. brett dixon is president of the association of personal injury lawyers. welcome. firstly, what is it that you fundamentally do you disagree with this change? i think the starting point has to be that it has to be looked at through the lens of providing what an injured person needs. it is catastrophically injured people who have lifelong needs, and it is important as a society that we make sure those needs are met. if that does not happen then it is ultimately you and iand happen then it is ultimately you and land your happe

jaguar, land rover, pulled a plug on an agreement to supply gasoline engines and wales. 000 people affected by the deal. deliveries will end in late 2020. jaguar will replace them with engines from their own plant in england. petrochina selling a majority state in its -- stake in its terminal. they continue to refine it their focus on upstream exploration. the company agreed to pay its parent $232 million for the acquisition. they say it fits in with beijing's push to streamline energy players. betty: you may think this year's heavy hurricane season would be industry.o the cruise but carnival says their numbers were strong enough to survive the impact of hurricanes harvey and irma. the ceo arnold donald is joining us. good to see you. i know you have good news. you took over times square here in new york. before we get to that, i know you had to close down destinations during hurricane, reroute ships. did you get a lot of cancellations during this time? arnold: of course, during the hurricane itself, we had to cancel some cruisers --cruises. but most areas are unaffected.

lyft already has partners with ford rival general motors as well as jaguar land rover and google's self-drivingision "waymo." lyft is also forming its own self-driving car division in palo alto which will include hundreds of engineers and technicians. uber has already been working on self-driving car technology since 2015. >>> so "wall street journal" is reporting that apple can have a problem with the iphone 10 production thanks to a supply shortage of the 3d sensors which are key for the facial recognition technology in the iphone 10. apple plans to ship the 10 on the third. an analyst says that could be pushed back by a month because of a production snag. apple stock did rebound yesterday by 2% snapping a slump. overall the stock market is on the rise this morning. taxes reforms will be unveiled. let's check the big board. dow up 70. nasdaq up 52. s&p up 9. apple another good day up 1%. >>> thank you. let's check traffic. you're tracking problems in the south bay? >> yeah. it's been quiet in the south bay this morning. now they are joining in with the slowdowns along 101 and 280. that's wher

ap haple has sony's catalog in sights >>> jaguar/land rover is going electric all of the cars will beilable in electric or hybrid versions by 2020 >> what is that model on the right? >> something futuristic? the company's latest announcement comes as the industry trying to portray a green image following the volkswagen briti volkswag volkswagen scandal >> british cars. >> owned by an indian company. >> toyota and nissan can move uk production t won't matter post-brexit, jlr has to be british made >> that was one of the questions ahead of brexit. >> yeah. >>> next trending story, even princes get first-day jitters. kensington palace releasing adorable pictures of prince george arriving for first day of school his mother has found herself bed bound due to morning sickness. the prince will be known address george cambridge to classmates what is that like going to school as a royal? >> i know you hold me in high regard, i'm not a royal prince myself >> how can that be normal? >> back at that age i was in the same school harry. >> long time ago i used to hate school at that age. enjoyed it

jaguar land rover is scouting for acquisitions of international automakers amid rising competition intry. according to people with knowledge, the luxury unit has been holding internal discussions on buying other brands to diversify the branch of vehicles to sell. kkr is said to be trying to deflate desperate sweet apple to switch sides and join the avid that this comes days after the japanese company says it agreed to sell the unit to another group led by bain capital for $18 billion. yet toone maker has pain.with that is your bloomberg business flash. manus: the president macron makes a speech later on this afternoon. he makes a proposal toward reshaping europe. he is going to need support from angela merkel who faces the most pressure after the strengthening of the far right move in germany. neil mackinnon is still with us. macron once more europe, francine: german alliance to be emboldened and greater european integration. the complexion of the ensuing coalition is going to involve these guys, the ftt. we think that is the most likely outcome could what chance is there of what more

jaguar land rover, by the way, is scouting for acquisition target.ompetition in the industry, according to people familiar with the matter. the luxury unit is said to be holding internal discussions on buying other brands. is this because they have a different powertrain in mind? they have the five liter v8 and the diesel engine will probably not sell as much. guy: they are doing really well. the electric story for them is -- they are sold out on the auctions for their luxury vehicles. yet, you are going to need to scale, aren't you? a toant the scale to be monetize electrifying the powertrain. this is bloomberg. ♪ ♪ market moves from north korea to yellen. the dollar bounces. will the fed chair keep them going? macron's message. the french president will outline his proposal to reform the european union at 2:00 p.m. today. that is berlin listening? plus, we listened to goldman's head of leverage finance. and the cohead of america's credit finance in 15 minutes interviews you don't want to miss. welcome to bloomberg markets, the european open. i am m

works at the intersection between scientific research and industry with the likes of nissan and jaguar land roverhat improvement has come about not through changes in the chemistry but changes in the way the module has been constructed. packing the cells tighter together while maintaining safety, improved cooling systems, etc. at the moment cost and range of new evs and the number of charging points available to us is an issue. manufacturers like nissan even offer up a replacement diesel or petrol replacement for customers needing to drive longer distances as part of their promise scheme. as well as batteries, wmg is looking at how our charging behaviour can affect battery life too surprising results. it's made a smart algorithm that shows degradation of a car battery can be reduced by up to 10% over a year if energy is transferred back to the grid. synonymous with evs is tesla, owner of the world's biggest battery factory. due to hit peak production in 2020, the gigafactory aims to produce enough batteries to power half a million new electric ca rs every yea r. tesla boss elon musk‘s ambitions g

they also deals with jaguar, land rover, among others.are working with with ford is so forward-looking, the ceo jim hackett once you have fully account of his vehicles. they drive by themselves on the road within four years and as i read it, my jaw dropped. no steering wheel, they were. no paddles and no need for a human driver. by getting into a trolley. >> where is my lawyer? i'm not sure about it. i'm just not sure it's going to be as big as they think it's going to be. >> stepping on the gas. stuart: yeah, really. ashley: aegina key on the back you can wind out. >> i want to get it back to tax reform. david smith was in the room during the discussion about the reagan tax cut, the great tax cuts of 1986. he was right there in the middle of it all. you saw the coming and going, backwards and forwards. with that experience under your belt, fast forward to today. what's going on in the room today as they discuss these tax-cut and will we get them? >> let me ask you this, do her. you are not wearing a sidearm argue because i don't want you

we spoke to the boss of jaguar land rover, talking about the number of new carmakers coming up with electric catalogue when you were younger?” browsed through it just catalogue when you were younger?” browsed through itjust for catalogue when you were younger?” browsed through it just for fun. to do your christmas list for father christmas and you would circle things you wanted ? christmas and you would circle things you wanted?” christmas and you would circle things you wanted? i would fold the page is very neatly. apparently the argos catalogue could be going out of print, that's the story in the mirror. we had the yellow pages earlier in the week. they have said they are going to try it in some stores because some either use ta blets stores because some either use tablets or browse online. they said it isa tablets or browse online. they said it is a trial at the moment but it could disappear in print if the trial is successful. the argos catalogue, what's interesting, they have records of past catalogues at the british library because they are quite a record of our history. you can see wh