Jaguar Land Rover posts huge financial loss

The place to discuss everything else..
User avatar
PhilMabbots17
Posts: 325
Joined: Fri Jul 21, 2017 10:44 am
Has thanked: 23 times
Been thanked: 65 times

JLR Appeal for Investment

Post by PhilMabbots17 » Sat Jun 08, 2019 5:27 am

For anyone with the stomach for a one hundred and eight-slide Powerpoint extravaganza, here's the 5th June 2019 Investor Presentation. Some interesting nuggets re future plans are buried away under literally acres of slide-ware, provided that you have the patience to look for them.

https://c.jcms-api.com/download/edaedff ... torday.pdf
2019 (19) TBA 8-)
2017 (66) Mercedes GLC 220d 4Matic Sport
2017 (17) Land Rover DS HSE 2.0L (Rejected)


User avatar
PhilMabbots17
Posts: 325
Joined: Fri Jul 21, 2017 10:44 am
Has thanked: 23 times
Been thanked: 65 times

JLR Sales and other news

Post by PhilMabbots17 » Wed Jun 12, 2019 2:16 am

Business Today magazine reported 11 June 2019 that JLR announced a decline of 12.2% in year-on-year retail sales in May at 42,370 units, citing weak demand in China, "overseas markets" and Europe. This latest decline in JLR's fortunes follows falls of 8.2% in March and 13.3% in April due to buyer "sentiment" in China and "emission regulations". (What does that mean? Ed)

Official Press Release from JLR: JAGUAR LAND ROVER REPORTS MAY 2019 SALES

Meanwhile, ITV News Central (11 June 2019) says that Castle Bromwich workers are being asked for more flexibility and efficiency in the form of a 4-day week if the factory is to stand any chance of being considered for future investment. A ballot will take place this week.

On May 29 Bloomberg was forced to retract a story it had published questioning how JLR managed to suddenly locate an extra £500 million of cash in recently-published accounts. The original column had claimed that JLR used money from its "receivable facilities" in order to boost cash-flow - an allegation that could have meant spending time on the naughty chair if proven. Cash-flow is an extremely sensitive issue for JLR just now as it struggles to save £2.5 billion from Project Charge and (hopefully) stay afloat through these choppy waters. Jaguar Land Rover corporate affairs manager Lisa Palmer told iMediaEthics the company didn’t threaten any legal action over the column but it is satisfied with the retraction. Well that's all right then.

Finally, the new Defender was recently captured testing in Spain by a sharp-eyed lorry driver on a motorway somewhere near Barcelona (I think it's excellent that they now cover "safe mobile phone usage" in the ES Class 1 HGV test, don't you?). Coventry Live. It's not known if this particular Defender had actually broken down or whether they were sensibly conducting road tests to make sure that when it does, it can be securely mounted on a small flat-bed recovery rig. RACE website here with google translation: https://translate.google.com/translate? ... race.es%2F I'll bet this adverse-PR video gets deleted very soon at JLR's request so, for the record....

ES_1.PNG

Land Rover Numero Uno indeed!

:lol: :lol: :lol:

p2volumeswebsite.xlsx
(20.88 KiB) Downloaded 10 times

2019 (19) TBA 8-)
2017 (66) Mercedes GLC 220d 4Matic Sport
2017 (17) Land Rover DS HSE 2.0L (Rejected)


User avatar
VeryDiscoSport
Posts: 648
Joined: Fri May 12, 2017 8:04 pm
Has thanked: 23 times
Been thanked: 58 times

Re: JLR Sales and other news

Post by VeryDiscoSport » Wed Jun 12, 2019 7:44 pm

PhilMabbots17 wrote:
Wed Jun 12, 2019 2:16 am
I'll bet this adverse-PR video gets deleted very soon at JLR's request so, for the record....
Too late - it's already escaped into the wild.

https://1drv.ms/v/s!AmkSnQM1keafhBtaRdx ... v?e=I1FqeZ
17MY DS150PS 6 speed manual. Rejected as "not of satisfactory quality", "not as described", Consumer Rights Act 2015.


User avatar
PhilMabbots17
Posts: 325
Joined: Fri Jul 21, 2017 10:44 am
Has thanked: 23 times
Been thanked: 65 times

Pendragon Forecasting Loss for 2019

Post by PhilMabbots17 » Thu Jun 13, 2019 1:52 am

One of the UK's biggest motor retailers, Pendragon, has become the latest casualty of the reduced demand for cars. It's shares fell by 21% following a profits warning which was made after the new management team discovered it would be likely to lose money this year.

The company owns Evans Halshaw and Stratstone dealership brands, the latter specialising in luxury marques including Porshe and Aston Martin. Pendragon also has Jaguar and/or LR retail outlets trading as Stratstones in Aylesbury, Cardiff, Mayfair, Newport (Gwent), Nottingham, Stourbridge (closure announced this week), Swansea and Tottenham, London N22. Currently it has 105 used Discovery Sports for sale with a combined retail value of over £3 million. For buyers out hunting for diesel bargains who are not phased by 10% diesel dilution this might be a good place to go and make some silly offers on the outgoing model.

Market Report by This Is Money
2019 (19) TBA 8-)
2017 (66) Mercedes GLC 220d 4Matic Sport
2017 (17) Land Rover DS HSE 2.0L (Rejected)


DiscoSportDave
Posts: 94
Joined: Mon May 13, 2019 7:12 pm
Has thanked: 23 times
Been thanked: 9 times

Re: Pendragon Forecasting Loss for 2019

Post by DiscoSportDave » Thu Jun 13, 2019 6:46 am

PhilMabbots17 wrote:
Thu Jun 13, 2019 1:52 am
One of the UK's biggest motor retailers, Pendragon, has become the latest casualty of the reduced demand for cars. It's shares fell by 21% following a profits warning which was made after the new management team discovered it would be likely to lose money this year.

The company owns Evans Halshaw and Stratstone dealership brands, the latter specialising in luxury marques including Porshe and Aston Martin. Pendragon also has Jaguar and/or LR retail outlets trading as Stratstones in Aylesbury, Cardiff, Mayfair, Newport (Gwent), Nottingham, Stourbridge (closure announced this week), Swansea and Tottenham, London N22. Currently it has 105 used Discovery Sports for sale with a combined retail value of over £3 million. For buyers out hunting for diesel bargains who are not phased by 10% diesel dilution this might be a good place to go and make some silly offers on the outgoing model.

Market Report by This Is Money
Don’t make the mistake I did and visit the Newport site for a look at new cars - it’s used and service only now. Just three desks in a huge showroom! Had to go to Cardiff, their attitude was appalling.
MY19 Landmark - Narvik Black, Traffic Sign Recognition, Reduced Spare Wheel, Alloy Pedals


Post Reply

Return to “Off-Topic Chat”