Jaguar Land Rover (JLR) has signed a deal with Faxi for the replacement of its private corporate carpooling platform that covers nine sites.
Faxi was chosen because of its platform’s ability to verify and incentivise carpooling and other sustainable activities, such as walking and cycling.
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The Faxi platform uses intelligent route matching algorithms to connect co-workers that share the same route and travel time. Journey verification technology rewards sustainable drivers and passengers with things like on-site, reserved or reduced-rate parking or e-vouchers delivered to their phones.
The two companies hope that the tie-up will lead to the creation of a private commuter transport network across nine different sites.
JLR’s most recent results revealed a £90m loss for the carmaker, due to plummeting sales in China and high operating expenditures. Sales in the UK were down by around 200 units year-on-year, while sales in Europe dropped 11.9% to 25,485 units.
JLR mentioned WLTP and “continued diesel weakness in Europe and the UK” as one of the reasons for the drop in sales in the two regions. In Britain, it said this had been “exacerbated” by a market slowdown and an inflation rate above target due to Brexit-induced devaluation of the pound.
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By GlobalDataThe carmaker – whose vehicles are financed by Lloyds’ Black Horse in Britain – presented investors with a “comprehensive action plan” that included close collaboration with the retailer network to ensure a healthy development for the future, and “prompt actions to balance supply and demand in response to market conditions and otherwise escalating incentives”.
JLR’s warnings have been among the most vocal from manufacturers over the risk of job losses from a “no-deal” Brexit. The company shifted some of its production to Slovakia to hedge against a scenario where components from the EU may be delayed at the border, and has temporarily shut down plants in Britain in order to save costs and fight oversupply.
