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Jaguar Land Rover lays off 4500.Big news in the West MIds


sancho panza

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On 01/05/2019 at 07:01, MrXxx said:

Mmm, this got me thinking...I wonder how much energy (and pollution damage to the environment) is being saved by those Lanny driver (and the serviceability/repairability) who keep their old vehicles on the road instead of scrapping and replacing?...If the powers that be were really concerned about the environmental damage they would invest more heavily in public transportation than roads, and the taxation by stealth I.e pollution zoning...perhaps vehicle emission control has more to do with product turn over/sales?

The 'embodied energy' in a car is about equal to 100,000 miles of driving (depends on car), so keeping a car on the road can work out -- the complication being non-CO2 emissions, which can (will) be a bit poor for an older car.  So, perhaps keep car on road in the country, replace in the city.

Of course, the really big environmental benefit of an old Land Rover is that it will be so uncomfortable to drive that you won't be doing big miles, anyway.

[as an aside, one of the unspoken big benefits of an older car is that servicing/maintenance/repair will fund UK GDP, whereas with a new car it'll probably be funding overseas GDP.  But that's not an environmental thing]

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Wight Flight
15 hours ago, dgul said:

The 'embodied energy' in a car is about equal to 100,000 miles of driving (depends on car), so keeping a car on the road can work out -- the complication being non-CO2 emissions, which can (will) be a bit poor for an older car.  So, perhaps keep car on road in the country, replace in the city.

Of course, the really big environmental benefit of an old Land Rover is that it will be so uncomfortable to drive that you won't be doing big miles, anyway.

[as an aside, one of the unspoken big benefits of an older car is that servicing/maintenance/repair will fund UK GDP, whereas with a new car it'll probably be funding overseas GDP.  But that's not an environmental thing]

Interesting. I have always had an (very unscientific) theory that once you had spent the same as the car cost on petrol, the two were probably about even in environmental terms.

Until then, replacing the car is a negative.

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19 hours ago, spygirl said:

Le Rover

https://www.dailymail.co.uk/news/article-7011857/Struggling-Jaguar-Land-Rover-sold-imminently-French-car-group.html

Not sure about the surprise.

Was flagged in last week's Economist in an article about PSA boss.

File under - Another Indian business success.

 

PSA has probably got a loan from the EU called 'fuck up the UK automotive industry'.

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  • 2 weeks later...
sancho panza

https://wolfstreet.com/2019/05/21/jaguar-land-rover-books-biggest-ever-annual-loss-sales-collapse-in-china/

Jaguar Land Rover Books its Biggest-Ever Annual Loss. Sales Collapse in China

by Don Quijones • May 21, 2019 • 4 Comments • Email to a friend

China deliveries in its fiscal year: -34%. And not getting better: in April, -45%.

By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET.

Britain’s largest automaker, Jaguar Land Rover (JLR), owned by  India’s Tata Motors, plunged £3.6 billion into the red in its fiscal year 2018, ended March 31, as the financial fallout from slumping Chinese demand and sinking diesel sales in the UK and Europe took its toll. It was the company’s biggest ever annual loss. Global retail deliveries fell 5.8% to 578,900 vehicles, and global revenues fell 6.1% to £24.2 billion.

Investors in Tata Motors had already been expecting the worst, because the worst of the news had already been telegraphed in February, when JLR posted a gargantuan £3.4 billion loss for the third quarter of its fiscal year that included £3.1 billion in write-downs. And in January, it had announced layoffs of 4,500 employees, of whom 4,000 would be in the UK.

The decline in sales was “due to China,” JLR said. In China, until recently JLR’s fastest growing market, deliveries plunged by 34% from the prior year, to just 98,900 vehicles. The company is now on its fourth consecutive quarter of declining Chinese sales. If anything, the trend appears to be worsening: in April, JLR’s deliveries in China collapsed by  45% from a year earlier.

For decades, China has been a boon for global automakers. Every year since 1990, annual sales have gone up, often by double digits. Between 2005 and 2017, new vehicle sales multiplied by a factor of six, propelling China to pole position as the world’s biggest car market. But that multi-decade trend came to a shuddering halt last year as light new-vehicle sales fell 4.1%, to 23.7 million units. Since July, China has registered 10 straight months of declining registrations.

The reasons for the slowdown are myriad — from slowing economic growth and declining consumer confidence to the escalating trade war between China and its biggest trading partner, the U.S., and simple, good old-fashioned market saturation — but the effects for global automakers are plain to see.

To reanimate sales, some have begun offering cheaper prices while the government has introduced tax cuts to spur consumer spending, but to little avail. The juiciest discounts are being offered by premium producers, such as JLR, as they try to offload their most expensive vehicles, but so far with disappointing results. Between January and March, registrations of JLR’s two biggest selling premium segments, SUV4 and SUV5, fell 19% and 15% respectively, even as retail prices dropped.

But in two of JLR’s three biggest markets, the U.S. and the UK, sales are rising, though not nearly enough to offset the shrinking sales in China.

In the U.S., now its largest market, registrations rose 8.4% last year to 139,800 units, almost double the number of registrations in 2014/15. The Land Rover division is clearly benefiting from the broad switch from cars to trucks and SUVs. US sales now accounts for 24% of JLR’s global sales.

In the UK sales were up 8.1%, to 117,000 vehicles, while in the rest of Europe they slipped 4.5%, to 127,600 vehicles.

In these markets the challenges facing JLR are also steep. In the EU and the UK uncertainty around Brexit, diesel regulation, and the possible introduction of C02 taxes could take a heavy toll on vehicle purchases. In the U.S. there’s the risk of import tariffs being imposed on European automakers. And like all automakers, JLR faces the rise of the electric vehicle; it is frantically pouring funds into developing all-electric, PHEV and MHEV models. Last year saw the launch of its all-electric Jaguar I-PACE.

But time is of the essence. JLR is still heavily exposed to the fast-shrinking diesel vehicle market. And in March, S&P responded to the announcement of JLR’s “one-off” £3.1 billion write-down by downgrading the firm’s credit rating one notch from BB- to B+, four steps into junk, considered “highly speculative.”

JLR responded to the downgrade by promising improved financial results in the fourth quarter. And so now, for Q4, it reported a pre-tax profit of £120 million and cash flow of £1.4 billion. The company – which employs around 40,000 people in the UK — puts this improvement down to the efficiency gains resulting from its decision in January to ax 4,500 jobs and shift production of its Land Rover Defender to an assembly plant in Slovakia, where it cashed in €125 million of investment aid from the Slovakian government. By Don Quijones.

Tesla is steeped in chaos — and chaos is absolutely the opposite what a complex manufacturing, distribution, and retail operation needs. Read…  Carmageddon Sinks Tesla’s Bonds

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Chewing Grass
1 minute ago, sancho panza said:

https://wolfstreet.com/2019/05/21/jaguar-land-rover-books-biggest-ever-annual-loss-sales-collapse-in-china/

Jaguar Land Rover Books its Biggest-Ever Annual Loss. Sales Collapse in China

by Don Quijones • May 21, 2019 • 4 Comments • Email to a friend

China deliveries in its fiscal year: -34%. And not getting better: in April, -45%.

By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET.

Britain’s largest automaker, Jaguar Land Rover (JLR), owned by  India’s Tata Motors, plunged £3.6 billion into the red in its fiscal year 2018, ended March 31, as the financial fallout from slumping Chinese demand and sinking diesel sales in the UK and Europe took its toll. It was the company’s biggest ever annual loss. Global retail deliveries fell 5.8% to 578,900 vehicles, and global revenues fell 6.1% to £24.2 billion.

Investors in Tata Motors had already been expecting the worst, because the worst of the news had already been telegraphed in February, when JLR posted a gargantuan £3.4 billion loss for the third quarter of its fiscal year that included £3.1 billion in write-downs. And in January, it had announced layoffs of 4,500 employees, of whom 4,000 would be in the UK.

The decline in sales was “due to China,” JLR said. In China, until recently JLR’s fastest growing market, deliveries plunged by 34% from the prior year, to just 98,900 vehicles. The company is now on its fourth consecutive quarter of declining Chinese sales. If anything, the trend appears to be worsening: in April, JLR’s deliveries in China collapsed by  45% from a year earlier.

For decades, China has been a boon for global automakers. Every year since 1990, annual sales have gone up, often by double digits. Between 2005 and 2017, new vehicle sales multiplied by a factor of six, propelling China to pole position as the world’s biggest car market. But that multi-decade trend came to a shuddering halt last year as light new-vehicle sales fell 4.1%, to 23.7 million units. Since July, China has registered 10 straight months of declining registrations.

The reasons for the slowdown are myriad — from slowing economic growth and declining consumer confidence to the escalating trade war between China and its biggest trading partner, the U.S., and simple, good old-fashioned market saturation — but the effects for global automakers are plain to see.

To reanimate sales, some have begun offering cheaper prices while the government has introduced tax cuts to spur consumer spending, but to little avail. The juiciest discounts are being offered by premium producers, such as JLR, as they try to offload their most expensive vehicles, but so far with disappointing results. Between January and March, registrations of JLR’s two biggest selling premium segments, SUV4 and SUV5, fell 19% and 15% respectively, even as retail prices dropped.

But in two of JLR’s three biggest markets, the U.S. and the UK, sales are rising, though not nearly enough to offset the shrinking sales in China.

In the U.S., now its largest market, registrations rose 8.4% last year to 139,800 units, almost double the number of registrations in 2014/15. The Land Rover division is clearly benefiting from the broad switch from cars to trucks and SUVs. US sales now accounts for 24% of JLR’s global sales.

In the UK sales were up 8.1%, to 117,000 vehicles, while in the rest of Europe they slipped 4.5%, to 127,600 vehicles.

In these markets the challenges facing JLR are also steep. In the EU and the UK uncertainty around Brexit, diesel regulation, and the possible introduction of C02 taxes could take a heavy toll on vehicle purchases. In the U.S. there’s the risk of import tariffs being imposed on European automakers. And like all automakers, JLR faces the rise of the electric vehicle; it is frantically pouring funds into developing all-electric, PHEV and MHEV models. Last year saw the launch of its all-electric Jaguar I-PACE.

But time is of the essence. JLR is still heavily exposed to the fast-shrinking diesel vehicle market. And in March, S&P responded to the announcement of JLR’s “one-off” £3.1 billion write-down by downgrading the firm’s credit rating one notch from BB- to B+, four steps into junk, considered “highly speculative.”

JLR responded to the downgrade by promising improved financial results in the fourth quarter. And so now, for Q4, it reported a pre-tax profit of £120 million and cash flow of £1.4 billion. The company – which employs around 40,000 people in the UK — puts this improvement down to the efficiency gains resulting from its decision in January to ax 4,500 jobs and shift production of its Land Rover Defender to an assembly plant in Slovakia, where it cashed in €125 million of investment aid from the Slovakian government. By Don Quijones.

Tesla is steeped in chaos — and chaos is absolutely the opposite what a complex manufacturing, distribution, and retail operation needs. Read…  Carmageddon Sinks Tesla’s Bonds

Basically, the 'cheap' luxury cars for plebs maxxed on credit via low interest leases is collapsing and the companies most reliant on it will be toast.

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  • 3 months later...
Chewing Grass

Well, here is a proper photo of the 2020 Land Rover Defender and it is aesthetically a bit of a dogs breakfast mash-up of styling.

Looks like bits of the old one mashed up with the old discovery, a Fiat500L and a Skoda Yeti with a bonnet that mechanics will hate and a hastily rearanged front end off the new Disco.

Verdict - a mess.

shedlocktwothousand.jpg.a055c24121a336c268059ac325295faf.jpg

https://www.instagram.com/shedlocktwothousand/

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2 minutes ago, Chewing Grass said:

Well, here is a proper photo of the 2020 Land Rover Defender and it is aesthetically a bit of a dogs breakfast mash-up of styling.

Looks like bits of the old one mashed up with the old discovery, a Fiat500L and a Skoda Yeti with a bonnet that mechanics will hate and a hastily rearanged front end off the new Disco.

Verdict - a mess.

shedlocktwothousand.jpg.a055c24121a336c268059ac325295faf.jpg

https://www.instagram.com/shedlocktwothousand/

Looks like a brick on wheels 

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Chewing Grass
1 minute ago, One percent said:

Looks like a brick on wheels 

A brick would look better, the styling is totally confused between square and round, the front arches are shit, the headlights/wings/bumper don't work, the roofline is wrong and I suspect the rear end is no better.

Will appeal to dick-heads from Essex (no offence intended).

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3 minutes ago, Chewing Grass said:

A brick would look better, the styling is totally confused between square and round, the front arches are shit, the headlights/wings/bumper don't work, the roofline is wrong and I suspect the rear end is no better.

Will appeal to dick-heads from Essex (no offence intended).

None taken as I am not from Essex. :)

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  • 6 months later...
Chewing Grass

This is sort of interesting as there are numbers in the article, TBH the only way JLR can be profitable in the future is if it shifts production to India.

This was always about taking EU money and Slovak wages are still too high.

The purists cried foul that the new model isn’t being built in Britain. “We’re on a global expansion journey. We’re committed to the UK as our design and engineering base. We needed to find space in the factories in the UK for future products and therefore there was a need to move. And actually this [plant] gives us access to markets we didn’t have before, and it helps with currency fluctuations.”

Nitra (the Slovak Plant) has an annual capacity of 150,000 cars; last year, around 38,000 Discoverys came off the line, plus up to 2000 Defenders. JLR won’t comment on volume predictions, but the fact the site is at just a quarter of its capacity suggests there’s an awful lot resting on the new Defender.

https://www.autocar.co.uk/car-news/features/land-rover-defender-story-behind-4x4s-production

 

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On 27/08/2019 at 17:01, Chewing Grass said:

Well, here is a proper photo of the 2020 Land Rover Defender and it is aesthetically a bit of a dogs breakfast mash-up of styling.

Looks like bits of the old one mashed up with the old discovery, a Fiat500L and a Skoda Yeti with a bonnet that mechanics will hate and a hastily rearanged front end off the new Disco.

Verdict - a mess.

shedlocktwothousand.jpg.a055c24121a336c268059ac325295faf.jpg

https://www.instagram.com/shedlocktwothousand/

The nicest thing I will say is

You can instantly tell it's from the Land Rover stable

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  • 1 month later...
Chewing Grass
On 27/08/2019 at 17:01, Chewing Grass said:

Well, here is a proper photo of the 2020 Land Rover Defender and it is aesthetically a bit of a dogs breakfast mash-up of styling.

Looks like bits of the old one mashed up with the old discovery, a Fiat500L and a Skoda Yeti with a bonnet that mechanics will hate and a hastily rearanged front end off the new Disco.

Verdict - a mess.

shedlocktwothousand.jpg.a055c24121a336c268059ac325295faf.jpg

https://www.instagram.com/shedlocktwothousand/

Looks like the New Ford Bronco looks exactly like the New Defender so sales in the US will be seriously affected.

 

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  • 2 months later...
Chewing Grass

Potential Defender sales will have halved in the states already.

That 5 door in maroon is quite nice.

 

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4 hours ago, Chewing Grass said:

Potential Defender sales will have halved in the states already.

That 5 door in maroon is quite nice.

 

That Bronco looks mental. So tempting to buy one in the uk and i am not the target market. I have a fiesta st mk8

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Chewing Grass
19 minutes ago, RJT1979 said:

That Bronco looks mental. So tempting to buy one in the uk and i am not the target market. I have a fiesta st mk8

Those round headlights are bigger than the fat blokes head and its got the biggest diameter rubber ever fitted to a standard production vehicle, no worries about kerbing you alloys, low-profile are sooo yesterday.

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  • 2 months later...
Chewing Grass

Well, the two Yanks have bought a New Defender finished in Austerity White, it looks as bland as you can get, has the simplest, smallest engine and has already illuminated the engine management light with 180 miles on the clock.

 

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On 12/10/2020 at 18:10, Chewing Grass said:

Well, the two Yanks have bought a New Defender finished in Austerity White, it looks as bland as you can get, has the simplest, smallest engine and has already illuminated the engine management light with 180 miles on the clock.

 

what a fucking disaster

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On 27/08/2019 at 17:10, Chewing Grass said:

A brick would look better, the styling is totally confused between square and round, the front arches are shit, the headlights/wings/bumper don't work, the roofline is wrong and I suspect the rear end is no better.

Will appeal to dick-heads from Essex (no offence intended).

Can people from Northumberland affoard these

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Chewing Grass
30 minutes ago, stokiescum said:

Can people from Northumberland affoard these

Her Ladyship at Alnwick can but most farming stock will not entertain it.

It may be capable offroad when new but its huge array of computers, touch screens and cameras mean it is too delicate for a work vehicle.

These two boast how they bought the cheapest one in the USA and only added the extras to get the max offroad capability.

This is a 10-12 year life car if you keep it road legal if you use it hard off-road the plastic will fall off and it will look trashed after a couple of years which didn't matter with the old defender.

 

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9 minutes ago, Chewing Grass said:

Her Ladyship at Alnwick can but most farming stock will not entertain it.

It may be capable offroad when new but its huge array of computers, touch screens and cameras mean it is too delicate for a work vehicle.

These two boast how they bought the cheapest one in the USA and only added the extras to get the max offroad capability.

This is a 10-12 year life car if you keep it road legal if you use it hard off-road the plastic will fall off and it will look trashed after a couple of years which didn't matter with the old defender.

 

Ffs I’ve had my old ones up to the gear box in water mainly mark  2 diesels one even had the hand slide so I didn’t need my foot on the accelerator.its a nice bit of kit but insane price for something so fragile .id love another lightweight

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On 27/08/2019 at 17:10, Chewing Grass said:

A brick would look better, the styling is totally confused between square and round, the front arches are shit, the headlights/wings/bumper don't work, the roofline is wrong and I suspect the rear end is no better.

Will appeal to dick-heads from Essex (no offence intended).

I would agree. The whole thing is just wrong. The rear arches don't look right either.

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