The new Luxury Defender / LR5 won't be enough to save JLR. Defender sales were already 'disappointing' (highly impacted by covid) but also now having to compete with Bronco and Grenadier. As several articles have highlighted $8B in debt, stagnant to declining sales, comatose Jaguar and a parent company Tata that is literally worth zero without JLR will drive them to a partnership and 'rationalization' which is code words for downsizing models and scale. In addition the automotive industry product delivery model is changing rapidly and will be impacting the local dealer/s. We will see if Ineos can take advantage of the disruption.