The death of diesel? Or the future?

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Badgerface
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Re: The death of diesel? Or the future?

Post by Badgerface » Mon Jan 07, 2019 7:11 pm

A lot of people in the motoring press screaming about JLR being late to market with EV. I think that the delay is deliberate. You cannot CANNOT have a true 4x4 with pure electric power, for all the reasons mentioned above and many more...go back 10 years when they tried it with the Electric Defender that was on long-term loan at Eden Project.....it died (quite literally) after less than a years testing and was canned. The last time I saw it, it was stuck in a corner outside the old Aircraft Traffic Control Tower at Gaydon in bits. (Mav71 will know exactly where I mean)
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Castle Bromwich to close?

Post by PhilMabbots17 » Tue Jan 08, 2019 2:39 pm

Sensible, in depth summary of JLR's situation just published in Automotive news.

https://www.autonews.com/manufacturing/ ... urn-profit
Three industry specialists who spoke with ANE believe JLR will end up shutting its Castle Bromwich site for good. “It will be a shopping center within five years,” Warburton predicted. The site is small, making about 50,000 vehicles a year, and the cars it does build are Jaguar’s slow-selling sedans. “The bigger question is: How do you build in Slovakia, and keep both Halewood and Solihull,” Warburton said.
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JLR Announcement Today

Post by PhilMabbots17 » Thu Jan 10, 2019 3:00 am

Today Jaguar Land Rover (JLR) will announce it is cutting up to 5,000 jobs from its 40,000 strong UK workforce.

BBC News 10 Jan 2019
Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected. The layoffs are part of a £2.5bn cost-cutting plan amid what industry insiders have called a "perfect storm". They mean a downturn in Chinese sales, a slump in diesel sales and concerns about UK competitiveness post-Brexit. JLR is particularly exposed to the first two of these factors.

China is the company's biggest and hitherto most profitable market. But sales in China have fallen nearly 50% in recent months as cautious Chinese consumers have been holding back on big ticket purchases amid global trade tensions. The relationship between JLR and its Chinese sales network have also been strained as dealers demand better terms and promotional incentives.
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Re: The death of diesel? Or the future?

Post by Badgerface » Thu Jan 10, 2019 7:56 am

Yes, this is all over local radio this morning as well. Whilst it is thought no to affect production roles ar this time, you can bet that it will filter down over the coming months and affect the lot of them.

Meanwhile, Mother Teresa continues to hide behind Brexit and refuses to make a firm decision on diesel....

Nero, anyone?
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Re: The death of diesel? Or the future?

Post by TeddyBear » Thu Jan 10, 2019 2:30 pm

Press now saying that it's 4,500 mainly office, admin and managerial. Sad day for those involved. As usual, the myopic generals that led them into this setback will survive, blaming their personal incompetence on Brexit, Chinese tariffs and diesel discrimination. Whereas the truth might be more accurately located by asking, "Why didn't you clever German automotive managers, with all your years of experience of car making, see even one of those things coming at you, and plan accordingly...?


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Re: The death of diesel? Or the future?

Post by PhilMabbots17 » Tue Jan 29, 2019 10:52 am

https://media.jaguarlandrover.com/news/ ... -end-sales#!

Official end of year sales press release. As always the model breakdown won't be known until December's spreadsheet publication. Looks as though LR was down 11% for the month, 7% for calendar 2018 and 12% for Q3/2019FY. China was obviously the biggest contributor to this in unit terms but probably much more damaging was the effect on margins: £60K profit was being trousered for every Range Rover sold there according to one source.

The real question is going to be what effect a 12% drop in sales revenue will have on the Q3 P&L. Three consecutive quarters of losses against management forecasts of 4% to 7% profit at the start of the year will inevitably raise questions about strategic direction and the foresight of senior management. Do they actually have any or is everything that happens to this company always going to be due to external events and "factors outside our control"? As late as August 2018 (before Q2 losses) Tata were still saying confidently that they were committed to the 7% EBIT target for 2019 and beyond. JLR represents nearly 80% of TTM's business.

https://www.financialexpress.com/indust ... s/1269079/

TTM's stock price has been hovering nervously around $12 since October as investors wait for some better news.

https://www.marketbeat.com/stocks/NYSE/TTM/chart/
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