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Home > General > Is JLR telling the truth over last ¼ losses? |
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jimbg Member Since: 29 Jan 2013 Location: By the River Dart Posts: 1843 |
Last quarter not uploaded yet https://www.jaguarlandrover.com/2016/repor...-downloads
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Wed Oct 31 2018 12:43pm |
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Lindab Member Since: 20 Nov 2017 Location: Dundee Posts: 908 |
They may call it a loss, but in reality it is not. If a company made 100 million profit last year, but this year makes 90 million profit, they term it as a 10 million loss. |
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Wed Oct 31 2018 1:40pm |
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Timf Member Since: 27 Feb 2010 Location: East Anglia Posts: 312 |
Tim in Scotland, I couldn't agree more. Although thankfully I haven't had a major run in with JLR, their vehicles leave a lot to be desired compared to say 2010. The Disco 5 was everything we wanted in a utilitarian family vehicle and personal taste I know, but I haven't met anyone who thinks the new Disco is a success to look at. Why do JLR make every successive vehicle larger & larger? May not be JLR alone I suppose.... I haven't looked at a Velar close up but I'm not a lover of it on the road. The Evoque has its followers but I reckon the Discovery Sport must be a better & more usable all round vehicle especially in Dynamic form so why make both when they are so similar in size? My brother has had both & favours the latter hands down. Lastly, the lack of a farmer/utility company vehicle is a travesty. This is where they made their name but I guess 70 years is a long time ago to present management. By by the time they get the new Defender out they will have lost ground...and I'm guessing it will look like some sort of chavs Tonka toy when it arrives.
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Wed Oct 31 2018 2:38pm |
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Paddi Member Since: 06 Jul 2012 Location: Hertfordshire Posts: 1563 |
All very disappointing from JLR but perhaps no surprise to those of us who follow the forum. I thought a telling remark made during the news piece (after having mentioned various possible reasons for falling sales in China - including extra local taxes) was that 'the other major European manufacturers don't seem to be similarly affected'.
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Wed Oct 31 2018 3:19pm |
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Father Jack Member Since: 16 Oct 2016 Location: Edinburgh Posts: 480 |
Serves them right for being greedy f s |
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Wed Oct 31 2018 6:16pm |
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Ady 555 Site Moderator Member Since: 12 Dec 2010 Location: Good old yorkshire Posts: 8738 |
You have hit the nail right on the head there Tim.
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Wed Oct 31 2018 7:03pm |
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RRSTDV8 Member Since: 12 Aug 2011 Location: Northamptonshire Posts: 9003 |
£5.6bn in three months. That's £43,114 per vehicle. Did it really cost that much, on average, to build each vehilce? And they made a loss? No way. Looks like they are lining up some plan that involves reducing staff costs i.e. moving production out of the UK. 2012 SDV6 - it's missing a couple of cylinders 2008 TDV8 - it was a labour of love and is much missed |
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Thu Nov 01 2018 12:00am |
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garrycol Member Since: 30 Nov 2010 Location: Canberra Posts: 1068 |
Here are some of the losses
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Thu Nov 01 2018 3:16am |
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Tyrefitter Member Since: 19 Jul 2015 Location: Bridlington East Yorkshire Posts: 3677 |
& they will then blame Brexit. Andy. 21 Ford Ranger Gone but not forgotten Focus RS Red Edition 2015 RRS AB Fuji. 2014 RRS SC Santorini 2016 VW Amarok 2014 RRS AB Fuji 2012 RRS Red Edition Fuji 2015 Nissan Navara 2012 RRS SE Santorini 2008 RRS White 2007 RRS Santorino |
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Thu Nov 01 2018 7:44am |
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Tyrefitter Member Since: 19 Jul 2015 Location: Bridlington East Yorkshire Posts: 3677 |
To be honest its not just JLR having problems with cars,,Vehicles now have too many electrics so your going to have problems,remember the good old days when we were running around in mk1 & mk2 escorts ect,you could change a engine in a couple of hours,now it takes a day or so to move all electrics,plastic covers ect before you can even get near the engine.As for the dpf & emission problems,Well what can I say,your adding things to the exhaust which reduces flow of gasses which then creates more problems.Yuo see old RS2000 escorts now doing between 20-30k some 40 years on,,these LR products probably wont make 20 years before they are all scrapped,No one will be able to afford the repair bills when they go wrong,imagine buyin a second hand sport in 20 years time for a couple of 000 & then getting a bill for 10k when it goes wrong. Andy Andy. 21 Ford Ranger Gone but not forgotten Focus RS Red Edition 2015 RRS AB Fuji. 2014 RRS SC Santorini 2016 VW Amarok 2014 RRS AB Fuji 2012 RRS Red Edition Fuji 2015 Nissan Navara 2012 RRS SE Santorini 2008 RRS White 2007 RRS Santorino |
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Thu Nov 01 2018 7:56am |
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Father Jack Member Since: 16 Oct 2016 Location: Edinburgh Posts: 480 |
I think its sheer greed and incompetency, though they would not be the only car manufacturer to cite Brexit as a concern. |
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Thu Nov 01 2018 9:44am |
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Tyrefitter Member Since: 19 Jul 2015 Location: Bridlington East Yorkshire Posts: 3677 |
Their is a lot more companys moving abroad & they will use Brexit as a excuss for laying off staff.
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Thu Nov 01 2018 10:20am |
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Tim in Scotland Member Since: 30 May 2005 Location: Driving along in my automobile Posts: 17476 |
JLR have been building a mega factory in Hungary for the last 4 years - allegedly to produce Disco5 and Disco Sport but according to the press the capacity is way more than current production volumes of both vehicles together. I-Pace is already built only in Austria and that can be transferred to Hungary easily too. And they have their factory in China that is now under producing.........
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Thu Nov 01 2018 10:46am |
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Father Jack Member Since: 16 Oct 2016 Location: Edinburgh Posts: 480 |
Even the governments own National Audit Officr thinks it could be a big problem and the Chancellor is saying a no deal Brexit will require a substantial change to budgets. The CBI and a lot of businesses have genuine concerns. Some may chance their arm and use it as an excuse to move but there are many, many others including massive businesses saying they will have to seriously consider it or will be going.
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Thu Nov 01 2018 11:04am |
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