Jaguar Land Rover slumps to £3.6bn loss amid Chinese sales slide

21 Mai, 2019, 04:42 | Auteur: Auguste Feret
  • Jaguar Land Rover slumps to £3.6bn loss amid Chinese sales slide

Brexit-related disruption and a slowdown in sales in China, once Jaguar Land Rover's (JLR) fastest-growing market, have hammered Tata's finances.

He is being replaced by his former deputy Adrian Mundell, 57, who was appointed Jaguar Land Rover's cost-cutter-in-chief as the company's transformation director. The automaker's loss came at ₹26,993 crore for the three months ended 31 December.

China's recent economic slowdown - caused in part by its trade war with the U.S. - has hit JLR hard, and was cited as one of the main reasons for the announcement of 4,800 job losses earlier this year.

Tata, India's biggest automaker by revenue, said tighter control of expenses and a turnaround at JLR helped boring the impact of an economic slowdown at home as it posted its first quarterly profit for the fiscal year that ended on March 31.

Total income stood at Rs 3,04,903.71 crore for the last fiscal as against Rs 2,96,298.23 crore in 2017-18, the filing said.

When exit polls convey same message, results in consonance, writes Arun Jaitley
Exit polls by News 18-Ipsos has projected six to seven seats for the BJP, and the Congress may gain by winning one seat. It is a loss of two seats for Congress, which had won nine in 2014 while no change is expected in the strength of JD-S.

Graduation Surprise: Billionaire Pays Off Morehouse College Grads' Student Loans
Campus Reform's Emma Meshell weighed in Monday on the billionaire's generous gift on Fox Business's Varney & Co. He also received an honorary degree Sunday, along with actor Angela Bassett and psychologist Edmund Gordon.

Emilia Clarke Says Goodbye To Game Of Thrones In Emotional Post
Weiss have proven themselves to be woefully impotent writers when they have no source material (i.e. the books ) to fall back on". The entire sequence of events all the way till the end doesn't show Dany's face whatsoever.

Revenue from wholly owned subsidiary Jaguar Land Rover Automotive PLC fell 5 per cent to Rs 65,146 billion.

The vehicle manufacturer, which has already announced thousands of job cuts in the United Kingdom in the first months of 2019, made the loss after a £400m profit in 2018. The unit brings in most of Tata's revenue.

Balaji said Tata had no plans to sell JLR.

Tata Motors' domestic business posted a standalone net profit of Rs 106.19 crore for the quarter, compared to a net loss of Rs 499.94 crore a year ago. We have continued to step up our pace of innovation, improved our market shares as well as our profitability.



Eagles' Chris Long announces retirement after 11 National Football League seasons
The former University of Virginia star entered the league in 2008, as the No. 2 overall pick of the NFL Draft by the St. As far as Chris Long is concerned, jealousy is the only reason anyone could dislike the future Hall of Famer.

Manchester Airport grounds flights due to issue with fuel supply
When asked on social media by a concerned passenger, a spokesman for the airport responded: 'We're sorry about this. Travellers complained of "absolute carnage" and ruined holiday plans after at least 87 flights were cancelled .

Buttigieg takes to Fox News and slams Fox News
Harris turned down offers to appear on the network, too, according to multiple news reports. A spokeswoman for de Blasio did not immediately return a message requesting comment.

Trump may pardon servicemen accused, convicted of war crimes
They also said that they have not seen the complete list of potential pardons and there may be other service members included. Officials say President Trump is preparing to pardon some of them.

Eurovision 2019: Bilal Hassani 14e, les Pays-Bas grand vainqueur
De ce côté là, cela semble très réussi! J'ai mis toutes mes tripes sur scène . Je veux défendre tout l'album, je suis super fier de ce projet, je l'adore.

Meghan Markle, Prince Harry share never-before-seen photos from wedding
Meghan Markle's pregnancy was so tightly wrapped in secrecy that when she went into labour, even senior Royals were in the dark. Meghan , who is now married to Harry , apparently slid into Matt's DMs in 2015 after he followed her on Instagram first.

Prosecutors: Woman plotted killing pregnant teen for weeks
Desiree Figueroa was surprised, Murphy said, because her mother had previously had her fallopian tubes tied to prevent pregnancy. Clarisa Figueroa then got on top of the teen and strangled her for about four to five minutes, the prosecutor said.

Madonna Attempts to Broker Israel-Palestine Peace at Eurovision 2019
And the pitching may well have been deliberate, but perhaps a little heavily reliant on auto-tune correction later on. It's great that the show came to Tel Aviv", said Alan Liferow, 58, an Israeli accountant from Ein Sarid.

US’s moves against Huawei will spur on new tech development in China
That, however, raised questions if withholding software products from the Chinese OEM also affected existing phones in the market. Huawei's European business, its second biggest market, could be hit as Huawei licences these services from Google in Europe.

Breaking Rank: GOP Congressman Says Trump ‘Engaged In Impeachable Conduct’
Justin Amash (R-MI), speaks during a Politico Playbook Breakfast interview, at the W Hotel, on April 6, 2017 in Washington, DC. Trump , whom he did not endorse in 2016.