RedRover Posted February 9, 2019 Report Share Posted February 9, 2019 It's been in the news for a couple of days but there has been a pretty massive writedown on Tata / JLR. The past quarter saw a £3.4 billon loss for Tata. Not the best news for Land Rover (or Jaguar) enthusiasts. Takeaways: • China sales are off• Europe doesn't want diesels anymore. http://www.1070maryann.com/images/cnn_biz_20190208.png News: Jaguar Land Rover Causes Biggest Loss in Indian Corporate History Jaguar Land Rover Takes $4.4B hit, writes down value of cars, plants Jaguar Land Rover Considers Financing Options After Shock Writedown Jaguar Land Rover Hit by Big Loss Opinion: The Wheels Have Come Off at Jaguar Land Rover Link to comment Share on other sites More sharing options...
GraemeWare Posted February 9, 2019 Report Share Posted February 9, 2019 It's been in the news for a couple of days but there has been a pretty massive writedown on Tata / JLR. The past quarter saw a £3.4 billon loss for Tata. Not the best news for Land Rover (or Jaguar) enthusiasts. Takeaways: • China sales are off• Europe doesn't want diesels anymore. Jared, I think your first bullet point is a little off. One in three cars sold in Europe is a diesel. Oh, so let's forget that market as it is only 5 million cars per year .... If you look at the balance sheet, it is Jaguar that are the sink on JLR, not LR. Sadly. Graeme Link to comment Share on other sites More sharing options...
RedRover Posted February 9, 2019 Author Report Share Posted February 9, 2019 Jared, I think your first bullet point is a little off. One in three cars sold in Europe is a diesel. Oh, so let's forget that market as it is only 5 million cars per year .... If you look at the balance sheet, it is Jaguar that are the sink on JLR, not LR. Sadly. Graeme You are correct, Graeme. The Forbes article mentioned that there is a slump in diesel sales, which accounted for 90% of Britain's sales in '17... I assumed that carried across Europe, but only about 30-40% of European vehicle sales recently have been diesel. Link to comment Share on other sites More sharing options...
DHappel Posted February 9, 2019 Report Share Posted February 9, 2019 Maybe they'll take this as a sign that going higher and higher end and further away from functional and utilitarian isn't the only move. (Though I suspect they'll read it the opposite and think they just need to add even more high-margin luxo versions) Link to comment Share on other sites More sharing options...
RedRover Posted February 9, 2019 Author Report Share Posted February 9, 2019 (Though I suspect they'll read it the opposite and think they just need to add even more high-margin luxo versions) Probably this. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.