They are flawed blaming the losses on lock of an SUV.
Myself and many friends associates etc do not own or drive SUV's - some have large trucks - but as car guys we would never consider buying a Jag because of the cars themselves.
Jaguar is no longer what they were 30 years ago. There cars are portly, expensive and average build quality at best.
They cost too much to maintain, and have a very poor resale value for a supposed high-dollar car.
The bottomline, they can't cut it any more. Marques come and go - maybe it's time to retire the big cats - before some wealthy Chinese mobster buys whats left of the company...