Jaguar Land Rover posts huge financial loss

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DiscoDriver

Re: Jaguar Land Rover posts huge financial loss

Post by DiscoDriver » Thu Jul 25, 2019 5:31 pm

With today’s announcement of Jaguar Land Rover posting £395 million loss (inline with their prediction), there are some positives:

1. UK sales for the period up 2.6% year-on-year.

2. Sales in China rose in June compared with the previous month.

3. Sales of the Jaguar I-Pace and Range Rover Evoque were up year-on-year.

https://www.autocar.co.uk/car-news/indu ... ling-sales


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Re: Jaguar Land Rover posts huge financial loss

Post by TeddyBear » Thu Jul 25, 2019 9:19 pm

The markets are struggling to see any upside. Parent corporation TTM is trading today at a 10 year low. Anyone who is genuinely bullish about the future could always put their £50K into the stock - maybe they'll have enough for a Range Rover in a few months. :lol:

NYSE:TTM - Tata Motors Price $10.62


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Re: Jaguar Land Rover posts huge financial loss

Post by Dashnine » Thu Jul 25, 2019 9:32 pm

Yawn.
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Re: Jaguar Land Rover posts huge financial loss

Post by timhum » Thu Jul 25, 2019 11:15 pm

TeddyBear wrote:
Thu Jul 25, 2019 9:19 pm
The markets are struggling to see any upside. Parent corporation TTM is trading today at a 10 year low. Anyone who is genuinely bullish about the future could always put their £50K into the stock - maybe they'll have enough for a Range Rover in a few months. :lol:

NYSE:TTM - Tata Motors Price $10.62
Might be time to cover your shorts in Tata shares soon and take your profit, you could use that to buy a Range Rover. I hope you've also managed to short Tesla and Nissan. :roll:

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Re: Jaguar Land Rover posts huge financial loss

Post by TeddyBear » Tue Jul 30, 2019 12:11 am

timhum wrote:
Thu Jul 25, 2019 11:15 pm
Might be time to cover your shorts in Tata shares soon and take your profit, you could use that to buy a Range Rover. I hope you've also managed to short Tesla and Nissan. :roll:

Tim
Don't joke. Forbes Trefis Team is valuing Tata at $14 per share : https://www.forbes.com/sites/greatspecu ... motors-14/ Tata Motors won't fail while ever Tata Sons is behind it, regardless of JLR's fortunes. I'm tempted to call the DFM...

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Re: Jaguar Land Rover posts huge financial loss

Post by Trojan » Thu Sep 12, 2019 7:09 pm

DiscoDriver wrote:
Tue Jul 16, 2019 6:02 pm
It will support Jaguar Land Rover’s continued investment into research and development of the design and manufacture of next generation electric vehicles and future mobility solutions.
https://www.jaguarlandrover.com/news/2019/07/jaguar-land-rover-welcomes-government-backed-export-credit-facility
Aw shucks. Beware of fake news, it gets everywhere.

Q1 Fiscal 2019/20 results conference call transcript
Attendance List: Adrian Mardell – Chief Financial Officer
Ben Birgbauer – Group Treasurer


Stephanie Vincent JP Morgan:

My second question is on the export loan, the £625m. Is that specifically ring-fenced for projects for EVs, for example, or can you use that for general corporate purposes as well. For example, if you did need some extra liquidity around a No Deal Brexit, could you use that facility to help boost liquidity?


B. Birgbauer

Okay, and on the second question, Stephanie, the answer is the loan facility would not be ring-fenced. It would be general corporate purposes. It is intended to be a five-year amortising loan. It’s likely we would draw it up front in totality.


Short of cash then, like we thought.
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JLR Production Cuts

Post by Google[Bot] » Sun Sep 22, 2019 7:16 pm

Jaguar cuts output as sales tumble
Sunday Times September 22, 2019.
John Collingridge

Jaguar Land Rover (JLR) plans to cut production at Halewood as weak sales continue to bite. The car maker is understood to have told suppliers it will cut output by 7,000 vehicles a year at the Merseyside plant - home to its Range Rover Evoque SUV. JLR, owned by Indian conglomerate Tata, is cutting 4,500 jobs and £2.5bn of costs as it struggles with sliding global sales, down 8% so far this financial year. Chief executive Ralph Speth is this week believed to be meeting cabinet member Michael Gove to discuss Brexit. JLR is expected to shut its plants for a week in Nvember in anticipation of no-deal supply chain disruption.
Further coverage at the Liverpool Business News.
https://lbndaily.co.uk/jaguar-land-rover-cut-production-halewood-amid-weak-sales/


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JLR to shrink by 16% - Forbes

Post by Cookie [bot] » Thu Sep 26, 2019 2:08 am

Forbes has crystalised its production projections for JLR up to the end of March 2020. Peak production of 614,309 units was achieved in FY2018, falling to 578,915 for the year ended March 2019. After two further years of gradual slow-down, Forbes sees JLR production falling to 515,900 cars by March 2022. The average unit yield is expected to increase to about £48,300, equivalent to a retail end user price of £59,500 including first year taxes. I am not a Tata shareholder in any sense of the word.
JLR Revenue expected to continue falling as Brexit Uncertainty and Global Auto Market slowdown:
Today In: Money
JLR revenue has been fluctuating due to the Brexit uncertainty and current global auto market slowdown. For FY 2020 (ended March 2020) we expect revenue to be around $32.2 billion while it is expected to reduce further to $31.5 billion and $30.9 billion in FY 2021 and FY 2022.
Total Shipments have also been affected and have been falling for the past 3 years. For FY 2020 (ended March 2020) we expect shipments to be around 565.3K while they are expected to reduce further to 531.9K and 515.9K in FY 2021 and FY 2022.
Meanwhile revenue per shipment saw a rise for the past 3 years. For FY 2020 (ended March 2020) we expect the metric to continue its trend and reach around $58.7K while it is expected to increase further to $59.2K and $59.8K in FY 2021 and FY 2022.
https://www.forbes.com/sites/greatspeculations/2019/09/25/what-is-tata-motors-revenue-projection-for-the-next-3-years/
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Reuters: Tata U-turn needed over JLR

Post by Cookie [bot] » Wed Oct 09, 2019 2:18 pm

Tata Motors should make a U-turn on Jaguar Land Rover
Both it's domestic and JLR-led overseas businesses recorded losses in the three months to end June, an unwelcome break from the past when one would typically ease pain in the other.
By: Reuters | Updated: October 9, 2019 11:26 AM

Tata Motors is stretched too thin. The Jaguar Land Rover business it bought for $2.3 billion in 2008 is burning cash at the same time the Indian market is hurting. The parent Tata conglomerate would be smarter to keep its focus at home without the distraction of the British marques. It has been a brutal run for Tata Motors, whose shares have nearly halved over the past year. Both it's domestic and JLR-led overseas businesses recorded losses in the three months to end June, an unwelcome break from the past when one would typically ease pain in the other.

Reversing course will be tough: Tata Motors denied in April that it was looking to divest JLR. More recently, boss Guenter Butschek said the Indian market “is about to collapse”. The country’s sales of passenger vehicles have fallen for the tenth consecutive month. Commercial vehicles, where Tata Motors' sales volumes are bigger and it is the market leader, are also suffering. New emissions standards, higher insurance costs and tight credit availability for buyers also have sapped demand in a slowing economy just as the company started making decent cars.

JLR’s problems are equally complex. It is battling weak consumption in China and questions about the future of diesel cars. A disorderly Brexit could cause production problems in Britain, where more Jaguars and Land Rovers are made than anywhere else. Big investments also will be necessary to keep up in the cutthroat race to develop electric and self-driving automobiles.

Tata Motors’ Indian business generated about $800 million of EBITDA last year. Put those earnings on a multiple of 9 times, a small premium to slower-growing rival Ashok Leyland, and it’s worth about $7.2 billion. With greater attention and improvements, the Indian business could one day get its value closer to the loftier 20 times achieved by Maruti Suzuki. For now, the implication is that investors assign a value of about $4 billion to Jaguar Land Rover. It might be worth far more to another owner, given that size is increasingly important to automakers. BMW, for one, could pay over $11 billion and still create value by hacking out significant costs, analysts at Bernstein reckon. Selling JLR would provide Tata Motors a tidy return on its decade-long investment and leave it with half as many problems to face.

source: https://www.financialexpress.com/auto/car-news/tata-should-make-a-u-turn-on-jaguar-land-rover/1730329/
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Quarterly profits

Post by Ian_S » Mon Oct 28, 2019 9:25 am

Some positive signs?

https://www.autocar.co.uk/car-news/industry/jaguar-land-rover-returns-profit-after-revenue-boost

https://www.theguardian.com/business/2019/oct/25/china-sales-help-jaguar-land-rover-to-156m-pre-tax-profit
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