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Jaguar Pauses UK Sales Until 2026 Amid Shift To Electric Vehicles

For the first time since WWII, Jaguar, the carmaker famously favoured by British Prime Ministers and royals, has halted new car sales in the UK. As reported by Bloomberg, this suspension will remain until 2026, when Jaguar plans to relaunch with a fully electric, high-end lineup.

Key Details

  • Temporary Stop Until EV Transition: Jaguar’s UK sales will be suspended until the launch of its upcoming all-electric models.
  • Production Shift: Jaguar Land Rover (JLR), owned by Tata Motors Ltd., will halt the assembly of its E-Pace and I-Pace models in Austria starting in December, with the remaining output redirected to markets outside the UK.
  • No New Jaguars for Britain: This marks the first absence of new Jaguars in the UK market since WWII. Production of the XE, XF sedans, and F-Type sports cars ended earlier this year, with only the F-Pace SUV continuing for export until early 2026.

Jaguar Land Rover announced plans in early 2021 to transition Jaguar into a fully electric brand following former Prime Minister Boris Johnson’s goal to end new petrol and diesel car sales by 2030. However, the shift to electric has proven challenging for the company and UK carmakers more broadly.

The UK’s zero-emission vehicle mandate, which came into effect this year, requires 22% of all new cars sold by each automaker to be zero-emission. Despite this, only 18% of new UK registrations as of October were battery-electric, leaving many manufacturers short of the target. Some, like Jaguar, are expected to purchase regulatory credits from high-performers such as Tesla to meet compliance.

Jaguar’s need for reinvention has been evident, with management signalling an overhaul is imminent. The brand will offer a preview of its new luxury electric lineup on December 2, during Miami Art Week. The launch of these models is anticipated by mid-2026, a delay from initial timelines, marking a major milestone in Jaguar’s journey toward an all-electric future.

Chime’s Nasdaq Debut: A 37% Leap in the Fintech Arena

Chime set to debut on Nasdaq

On June 12, 2025, Chime had a groundbreaking debut on Nasdaq, where its shares surged by an impressive 37%. Initially priced above the expected range at $27, the shares closed the day at $37.11, setting a new market cap of $13.5 billion. From a valuation of $25 billion in its last venture round, this IPO marks a recalibration for Chime amidst evolving market dynamics.

The offering raised roughly $700 million, with an additional $165 million from existing shareholders. Despite the lower valuation, CEO Chris Britt highlights Chime’s commitment to serving Americans earning $100,000 or less, often overlooked by traditional banks. “We help our members avoid fees, access liquidity, and build savings,” Britt stated confidently.

Chime’s strong revenue momentum, with $518.7 million reported last quarter and a revenue increase by 32% year-over-year, underscores its growth potential. The company also achieved $25 million in adjusted profitability, improving its profit margin by 40 points over the past two years.

Chime now stands among fintech giants like eToro and Circle, rekindling investor interest in fintech IPOs. The future looks promising as other players like Klarna and Bullish eye public offerings.

For further insights into fintech innovation and investment opportunities, explore European Banking Evolution: Cyprus as a Catalyst for Regulatory Innovation and discover how Cyprus continues to play a pivotal role in financial advancements.

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