Jaguar Land Rover posts huge financial loss

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Rediscovery
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Re: Jaguar Land Rover posts huge financial loss

Post by Rediscovery » Mon Oct 28, 2019 5:22 pm

It depends on how sincere they are about the statements made recently by FB.

"We don’t want to be driven by volume. It’s not the measure of success for a premium brand,” Bräutigam said. “We want to build great cars and make money, not just shift units. “It’s more about profit, delivering that and having a sustainable business model. Not just business profits, but added value for the brand as well as the company.”

A cynic might conclude that they've failed as a wannabee volume producer because Speth doesn't understand that brand lotalty in the mid market has to be earned by quality, reliability and service.
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Tata Polishes the Fudge Factory

Post by Google[Bot] » Thu Nov 14, 2019 5:21 pm

Following the £625 UK Government-backed loan Tata has agreed to pump in another $910 million to keep things at least looking ship-shape.
To Polish an Iconic British Brand, Jaguar’s Owner Looks For Help in Germany and China
12 November 2019 - https://fortune.com/2019/11/12/jaguar-land-rover-tata-bmw-geely-brand/

Tata Group, the owner of Jaguar Land Rover, has approached carmakers including China’s Zhejiang Geely Holding Group Co. and BMW AG as it seeks partnerships for the beleaguered British automotive business, people with knowledge of the matter said.

“Carmakers need to invest a lot of money in developing new technology, and Tata doesn’t have deep pockets to keep funding development,” said Deepesh Rathore, an independent auto analyst in Bangalore, India. “You don’t want to be left behind, especially in the luxury segment, and at the same time, Tata doesn’t want to let go of JLR, which is its crown jewel.”

One potential obstacle for any partner with JLR is the British automaker’s financial struggles. Tata has begun to address some of these issues, providing the brand with a $910 million equity infusion to help bolster its balance sheet.
In China, JLR has struggled with quality and dealership issues. The company reported last month that sales had stabilized, helping parent Tata Motors Ltd. post a narrower-than-projected quarterly loss. The British unit is also near completion of a 2.5 billion-pound ($3.2 billion) savings drive that included thousands of job cuts worldwide.


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Climate Law Threat to JLR

Post by Trojan » Fri Nov 15, 2019 12:07 pm

9728b64d713e1ad69cc54d84aa60a62f.jpg

JLR’s business model is looking shaky. More than 80% of the vehicles that it sold in Europe last year run on diesel, a technology that’s been undermined by Volkswagen AG’s emissions cheating and the threat of bans in many cities. SUVs make up an even higher percentage of sales. The boom in these vehicles has contributed to a rise in average carbon emissions from carmakers over the past year or two. Last month JLR listed “increasing environmental activism” among its biggest challenges.
Bloomberg: https://finance.yahoo.com/news/climate-crisis-coming-land-rover-070036545.html
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Re: Tata Polishes the Fudge Factory

Post by Trojan » Fri Nov 15, 2019 12:38 pm

Google[Bot] wrote:
Thu Nov 14, 2019 5:21 pm
Following the £625 UK Government-backed loan Tata has agreed to pump in another $910 million to keep things at least looking ship-shape.
To Polish an Iconic British Brand, Jaguar’s Owner Looks For Help in Germany and China
12 November 2019 - https://fortune.com/2019/11/12/jaguar-land-rover-tata-bmw-geely-brand/

Tata Group, the owner of Jaguar Land Rover, has approached carmakers including China’s Zhejiang Geely Holding Group Co. and BMW AG as it seeks partnerships for the beleaguered British automotive business, people with knowledge of the matter said.

“Carmakers need to invest a lot of money in developing new technology, and Tata doesn’t have deep pockets to keep funding development,” said Deepesh Rathore, an independent auto analyst in Bangalore, India. “You don’t want to be left behind, especially in the luxury segment, and at the same time, Tata doesn’t want to let go of JLR, which is its crown jewel.”

One potential obstacle for any partner with JLR is the British automaker’s financial struggles. Tata has begun to address some of these issues, providing the brand with a $910 million equity infusion to help bolster its balance sheet.


In China, JLR has struggled with quality and dealership issues. The company reported last month that sales had stabilized, helping parent Tata Motors Ltd. post a narrower-than-projected quarterly loss. The British unit is also near completion of a 2.5 billion-pound ($3.2 billion) savings drive that included thousands of job cuts worldwide.
BMW boss fuels speculation over Jaguar Land Rover stake

BMW boss Oliver Zipse has fuelled further speculation that the German car titan could snap up a stake in Jaguar Land Rover. They are already teaming up to develop electric cars as the industry adapts to sweeping changes and new rivals such as Tesla. Speaking as he launched a new €200m battery research centre at the company’s Munich base, Mr Zipse, who took the wheel at BMW in August, said: “Co-operation and working together is the new normal in the industry. We are not only working on electric drive trains and internal combustion engines with JLR, but other components. ”

He did not deny industry talk that under-pressure JLR is seeking a partner and BMW is one of the manufacturers it is talking to, saying: “We have made no decision on it – I cannot comment on something that is not decided.”

Business section
Daily Telegraph
14 Nov 2019

It needs to be all or nothing. Then the long-overdue Sun Tsu-style purge can take place: the rotten wood is always at the top.
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