Jaguar Land Rover CEO to step down

Jaguar Land Rover has confirmed its CEO Ralf Speth will step down from the role when his contract expires in September 2020. He will remain with the company, though, staying on as non-executive vice chairman, and keeping his seat on the board of Tata Sons. The German engineer has been in charge of the British luxury car maker since 2010, taking over not long after Tata bought the automaker from Ford in the middle of 2008.