The car voted 2008 What Car, car of the year, was the Jaguar XF, an award that it certainly deserved. Leasing and contract hire brokers are experiencing strong interest the car. It is hard to imagine that its manufacturer Jaguar was originally a manufacturer of motorcycle sidecars called the Swallow Sidecar Company. It started when two motorcycle enthusiasts formed a new partnership in 1922, they were William Lyons and William Walmsley. In many partnerships there is one of the partners who really drives the company forward, in this case it was Lyons.
During this period and right through to the 1960′s motorcycle sidecars were very popular; many people could not afford to buy a car so a motorcycle was usually the answer. However as motorcycle owners got married and had children they wanted to be able to go out on day trips as a family, so they would purchase and permanently attach a sidecar to their motorcycle. The sidecar would accommodate their wife and children, or their wife would ride pillion and the children would sit, reasonably well protected from the elements, in the sidecar. Sidecars were big business and the Swallow Sidecar Company had some of the most attractive designs on the market.
By the late 1920′s the company had ventured into cars and built the body for the Austin Seven, a fairly basic and inexpensive car that proved extremely popular. They changed the name of the company to The Swallow Sidecar and Coachbuilding Company and moved from Blackpool where they had been based, to bigger premises in Coventry. Coventry was at the time the centre of the British motor industry. Their work became recognized and respected throughout the industry and they went on to build the bodies for many different manufacturers.
The company then produced their own car in 1931, the SS1. The vehicle was long and with a low-slung body and wire wheels. The car was very stylish and looked far more expensive than 310, which is what it cost. It was exhibited at the 1931 London Motor Show and attracted a great deal of interest.
The name of the company changed again, to SS Cars Ltd in 1933 and the SS1 Tourer was introduced. Shortly after William Walmsley left the company. During the mid 1930′s the SS90 was launched; it was low to the ground and very sporty in appearance, the car was very reasonably priced, less than 400. It was followed by the SS100, this time with a 2,663 cc engine and twin carburettors. It was very fast although later an improved version was on show at the 1938 Motor Show with a 3,845 cc engine. This model never really got of the ground because the Second World War followed soon after its launch.
As was the case with German Motor manufacturers the company’s production was switched to the war effort. The German manufacturing plants were prime targets for the allied force’s bombing raids and the Germans naturally tried to take out the UK manufacturing plants, Coventry became one of the most heavily targeted cities.
After the war the company had to change it’s name. The name SS with all its association with Nazi Germany was far from ideal; in 1948 the company became Jaguar cars. In the same year the XK120 was introduced. Some say its designers came up with the idea of the XK during their long hours on fire watch duty, all members of staff would normally take their turn doing fire watch duty, even senior management; during the war, if you did not have personnel on fire watch during the night, there was a good chance your factory wouldn’t be there in the morning.
The XK120 was first shown at the Earls Court Motor Show in 1948. So called because that was the top speed of the car, very fast indeed for it’s day. At the time there was nothing that could match its speed and excellent road holding. It was however the design that made it so breathtaking, a design that even today is so admired, an open sports car with wire wheels often seen with a leather strap over the bonnet. Men dreamed of owning one, girls dreamed of being driven around in one. It became know, perhaps a little unfairly, as the cad’s car; with images of a rather unchivalrous Terry Thomas type character behind the wheel.
Jaguar enjoyed enormous success in the 50′s; it saw the launch of the Mark V11 it was a large impressive car that enjoyed motor racing success. Britain’s Mike Hawthorn, the country’s first Formula 1 driver raced the car, as did Stirling Moss. The 1956 Monte Carlo Rally was won by a Mark V11. 1954 saw the introduction of the XK 140; it had new features such as rack and pinion steering and a rear seat suitable for small children. It is debatable whether the typical buyer had small children in mind when buying an XK140. Next came the XK150 this model had disc brakes. Jaguar launched the Mark 1, the Mark 11 and the Mark 1X.
The Mark 11 came out in 1959 and proved to be an extremely popular car with successful business people but also became associated with the criminal world; successful criminals tended to favour the Mark 11 Jaguar. It also became a target for car thieves; they were often then used as getaway cars for bank and jewellery robberies. Later the police bought a number of them and modified the engines so they could keep up. A Jaguar Mark 11 was sold at a Florida auction in February 2008 for $75,900 USD.
In 1961 Jaguar launched the Mark X, it was a very large car much more suitable for the American market than Britain. It was long and wide and did just seventeen miles per gallon, which was not to much of a problem in the US where they were used to gas guzzling cars but of course they were paying much less for their fuel. In the UK it was too large and expensive to run for most .The car became know in some circles as the poor man’s Rolls Royce. The revolutionary E Type was launched in the same year. It was unveiled at the Geneva Motor Show, the motoring press and public couldn’t believe their eyes; it was a most extraordinary looking car, long, low and sleek, with a bonnet that seemed to go on for ever. To describe the car as eye catching would be an understatement; when it was first on the road, it stopped traffic and pedestrians in their tracks. Jaguar must have been very proud of their achievement.
1968 saw the introduction of the XJ6 an extremely popular car; nearly 100,000 were produced between 1968 and 1973. The Series 11 was then produced and the XJ model has continued in one form or another right through to the present day. William Lyons retired from Jaguar in 1972.
The XJS sports car came out in 1975 and the model ran until 1996. It was produced in both a fixed head and convertible model. The car received excellent reviews from the motoring press but the design seemed to lack some of the previous Jaguar style. Twelve years later in 1997 came the XK8 a beautifully designed sports car reminiscent of the stylish E Type launched some thirty-six years earlier.
In 1966 William Lyons who had by now become Sir William Lyons was in talks with BMC, who were keen to buy Jaguar. The fact that British Leyland had also expressed a strong interest in Jaguar, allowed Sir William to negotiate from a position of strength. BMC eventually bought Jaguar and BMH was formed. Sir William got the deal he wanted.
In 1968 Jaguar’s fortunes started to change they became part of the British Leyland Corporation; British Leyland had become very large and chaotic. Labour relations deteriorated to an all time low and whilst Sir William did everything he could to look after Jaguar and its workforce Morale was slipping and it deteriorated further when Jaguar’s founder retired in 1972. Even the company’s name had been changed from Jaguar Cars ltd to British Leyland Exports ltd; it appeared to be change for the sake of change but it certainly caused the workforce to further loose identity. The inevitable happened and in 1975 the company went bankrupt and was nationalised by the government. One can only imagine what Sir William felt for Jaguar the company he had nursed for fifty years.
Jaguar was fortunate to then be run by Bob Knight a true Jaguar man who was convinced that things could be turned around. Jaguar had become known as a car that was unreliable and very expensive to sort out when it did go wrong. Whilst build quality was indeed poor Knight strongly believed that a lot of the problems were because components supplied by outside companies were not up to standard, which then reflected badly on Jaguar.
In 1980 Bob Knights role was taken over by John Egan. Michael Edwards, who was head of what had become BL, gave more independence to Jaguar and allowed Egan to carry on where Bob Knight had left off, in restoring the company to profitability.
Bob Knight first identified the problem of inferior components being supplied to Jaguar; Egan also quickly realized that Jaguar’s reputation was being damaged in part by their suppliers. When he made it conditional that the suppliers would pay for the cost of warranty work when their parts failed, the problem was soon solved. This was a big step forward in restoring Jaguar’s reputation
The company and had survived and was secure once more, John Egan was chief executive. Jaguar was bought by Ford in 1989 paying $2.5 billion a very large investment indeed and in the following year invested many more billions into the two companies they had bought; Jaguar and Land Rover.
In 1982 the company was re-named Jaguar Cars ltd and in 1984 was privatised by the Thatcher government, Jaguar Plc was formed. John Egan remained with the company as chief executive. Jaguar’s future was once again secure. In 1989 Ford bought Jaguar for $2.5 billion, it has been estimated by some observers, that since then it put between $1billion and $1.5 billion a year into the company, more conservative estimates are that Ford invested over the years, a further $10 billion into Jaguar and Land Rover, which it had also bought.
Ford sold Aston Martin in 2007; they had problems and wanted to get back to basics. This was followed by the sale of land Rover and Jaguar in 2008. The sale price was $2.3 billion, less than Ford had paid for Jaguar some nine years earlier. However both companies had a shortfall in their pension schemes, this had to be made up by Ford at the cost of $600 million. Tata the Indian conglomerate was the purchaser.
Ford had problems of its own and needed to concentrate on their own core business, Jaguar was eventually put up for sale along with Land Rover. Ford had sold most of its stake in Aston Martin in 2007 and in March 2008 both Jaguar and Land Rover were sold to Tata the Indian motor manufacturer for $2.3 billion. It must have been a bitter pill for Ford to swallow, made even more bitter, by having to find a further $600 million to make up the shortfall in the two companies’ pension funds. Furthermore Ford will miss out on the success of the new XF model.
Some were dismayed to learn that Jaguar had fallen into foreign hands but wasn’t it already in foreign hands? More important is perhaps that Jaguar now has a long term future. From past experience it seems clear that to succeed Jaguar needs to be left alone and Tata have made it very clear that they do not plan to interfere with the day to day running of Jaguar.
30,000 Germans were polled in 2006, this revealed that the majority of Germans preferred Jaguar to Mercedes, Audi and BMW. The new XF has been an enormous success and contract hire and leasing companies are placing large orders for the car. After all it’s ups and downs Jaguar seems to be as strongly placed as it has ever been.