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India's Tata Motors posted the biggest loss in Indian corporate history after a loss of $4.06 billion on revenue of $8.06 billion in the third quarter of 2019 (October-December 2018), according to results released on Feb. 7. The decline in sales, especially in China, where Jaguar Land Rover lost more than $4 billion in a single quarter, Jaguar Land Rover has already implemented a reduction plan to reduce book losses and losses, and plans to save 2.5 billion pounds over the next two years. however, there is still an urgent need for funds to make up for the big hole in last year's losses, so Jaguar Land Rover announced financing 1.
Under the continued impact of the COVID-19 epidemic, a number of international car companies announced quarterly losses in 2020, including Volkswagen, Nissan, General Motors, Daimler, Renault and more than a dozen others, with operating losses in the first half of the year or the first quarter of the fiscal year. A few days ago, a number of car companies announced financial results, BMW, Honda, Mitsubishi, Jaguar Cool Tiger and so on also fell into losses. The impact of stagnant global sales on the performance of car companies has expanded further. BMW .jpg "/ > BMW: loss of 1.9 billion yuan according to BMW Group's second-quarter results, BMW posted a net loss of 230 million euros (about 1.9 billion yuan) in the second quarter, compared with the same period last year.
Tata Motors lost 501 million pounds ($632 million, or 4.487 billion yuan) in the fourth quarter of its UK business, according to financial reports, as Jaguar Land Rover sales continued to decline.
Jaguar Land Rover, a falling British luxury car brand, officially released its April sales figures, with the Chinese market falling the most and the single market most abandoned by users. Jaguar Land Rover sold 39185 vehicles worldwide in April, down 13.3 per cent from a year earlier, according to the data. Of the cumulative sales from January to April, Jaguar Land Rover sold 198101 vehicles globally, down 9.1 per cent from a year earlier, with Jaguar brand sales of 60758 vehicles, down 3.9 per cent year-on-year, and Land Rover brand sales of 137343 vehicles, down 11.2 per cent from a year earlier. From a regional point of view, Jaguar Land Rover is in Britain.
Jaguar Land Rover's 2018 results are noteworthy because of a sharp drop in Chinese sales in the largest single market, which led to a drop in global sales and Jaguar Land Rover, which made huge losses in the third quarter. According to the company's financial results, operating income in the fourth quarter of 2018 (January-March 2019) was 7.1 billion pounds, profit before interest and tax was 269 million pounds, and net income was 119 million pounds (1.046 billion yuan). Jaguar Land Rover made a profit in the last quarter. Due to the impact of sluggish sales in the Chinese market, Jaguar Land Rover hit 4.06 billion in the third quarter.
Under the influence of COVID-19, many domestic manufacturing enterprises have suffered delays in resuming work. In addition to the hardest-hit areas of the epidemic, many car companies have begun to resume work since February 17. However, under the circumstances, British carmaker Jaguar Land Rover said recently that it is still likely to stop production due to a shortage of parts caused by the epidemic in the future.
Since the domestic car market suffered a series of declining sales and the impact of the epidemic, the demand for new cars has shown obvious malaise, which forms a huge contrast with the domestic luxury market, which is growing frequently. But at the same time, luxury brands in marginal markets are still struggling. A few days ago, it was reported that models under the Jaguar brand had fallen to 200000.
Last year, Jaguar Land Rover lost more than $4 billion in a quarter, when it was rumored that Great Wall was in talks with Tata Motors to acquire Jaguar Land Rover. In the third quarter of 2019 (October-December 2018), Jaguar Land Rover lost $4.06 billion on revenue of $8.06 billion, prompting Tata Motors to make the biggest loss in Indian corporate history. In the face of losses and for future projects not to stagnate, Jaguar Land Rover announced plans to raise $1 billion. Jaguar Land Rover's sales and revenue plummeted last year, and Jaguar Land Rover has gone from Tata Motors' profit cow to a hot potato.
In the face of the automobile market this year, the most common words are "the car market is cold in winter, the car market is in the doldrums, the economy is in the doldrums" and so on. But there have been more and more comments since the end of 2018. The sales of many car companies and dealers have been affected and declined. And in the environment of the transformation of the fifth and sixth countries, consumers are not enthusiastic about snapping up low-cost national five models, but may wait and see to delay the purchase, so the market in May is still relatively depressed. Since the cold winter of the Chinese market last year, every automaker has felt a little cool. although Land Rover has a big business, it has also suffered a big impact. Last September, the domestic model sales of Land Rover brand were comprehensive.
Once upon a time, Land Rover, a luxury brand, was hard to find in the end market. At its peak, the terminal market needed a 170000 price increase to pick up the car, and its market capitalization exceeded $20 billion around 2017. However, in the face of the arrival of the cold winter, Jaguar Land Rover has declined by more than 40% for several months since 2018, and the Chinese market is in decline. In the face of declining sales, Jaguar Land Rover had to make a profit-making strategy to save it. Felix Brotigam, chief commercial officer of Jaguar Land Rover, said in an interview with foreign media that he will focus on sustainable growth and profits and will no longer pursue sales, which means Jaguar Land Rover will not.
With the advent of August, major car companies have also begun to announce sales. The front-line camp is glued to each other, and the competition between the second-line camp is even more difficult to distinguish between you and me. Affected by the slowdown in macro-economic growth, the switching of the five countries and six standards and other factors, the auto market remains depressed, and the July sales data released by a number of car companies show that they have all suffered varying degrees of decline. According to July passenger car production and sales data released by the Federation of passengers, sales of narrow passenger cars in July were about 1.4854 million, down 15.9 per cent from the previous month and 5 per cent from the same period last year. Wholesale sales of narrow passenger vehicles nationwide were 1.527 million, down 2.6 per cent from the same period last year. The trend of the downturn is still untwisted.
On May 10, Guangzhou Auto Fiat Chrysler Co., Ltd. (hereinafter referred to as "Guangzhou Auto Fick") appointed Zhu Hengli as the deputy general manager of Guangzhou Auto Fick and a member of the company's executive committee, which came into effect on May 1. Zhu Hengli is stationed in Guangzhou Auto Fick from Stellantis China. He reports to Massimiliano Trantini, the executive committee member of Stellantis Group in China and president of Guangzhou Auto Fick. In fact, there were media reports earlier that Zhu Hengli, former executive vice president of Jaguar Land Rover sales and service agency, would join GAC Fick as an outsider.
Sales of Jaguar Land Rover have skyrocketed since it was acquired by India's Tata Motors in 2008, and Tata Motors, the parent company, has made a lot of money, and Jaguar Land Rover has long become a profit cow for Tata Motors. Last year, however, Jaguar Land Rover's annual sales in China, the world's largest single market, plunged 21.6 per cent, a decline that must have affected its revenue, prompting Tata Motors to record the biggest loss in Indian corporate history. On February 7, India's Tata Motors released after-hours results for the third quarter of 2019 (October-December 2018).
When it comes to price increases, the first thing that comes to mind is the models under the Toyota brand, of which Lexus is the most prominent, attracting non-favourites with its "low inventory" marketing method, which forms a huge contrast with the current price-for-volume model of many luxury brands. However, the guardians of new models launched by Land Rover, which has become a marginal luxury brand, have also achieved significant sales growth through price increases. According to Jaguar Land Rover's official sales data for the third quarter of 2020 (July-September), the financial report shows that between July and September 2020, Jaguar Land Rover sold a total of 113600 vehicles worldwide, 1.
In recent years, Jaguar Land Rover, as one of the luxury brands, has a lower and lower sense of existence in the market, and the continuous outbreak of its product quality has kept many potential consumers away. Jaguar Land Rover is also frequently at the bottom of all kinds of car rankings. Recently, the chief executive of Jaguar Land Rover publicly acknowledged the problem. "Jaguar Land Rover loses more than 100000 vehicles a year because of consumer concerns about product quality," said Thierry Thierry Bollore, chief executive of Jaguar Land Rover. Not long ago, the American market research company J.D.Power announced "American Automobile 2021."
Yesterday, Great Wall executives reported that they were in talks with Tata to acquire Jaguar Land Rover. However, Jaguar Land Rover yesterday introduced the interface car interview, said that the news is only media speculation, there is no such thing. It is understood that in the third quarter of 2019 (October-December 2018), Jaguar Land Rover lost $4.06 billion on revenue of $8.06 billion, making Tata Motors the biggest loss in Indian corporate history. In the face of losses and for future projects not to stagnate, Jaguar Land Rover announced plans to raise $1 billion. The popularity of the acquisition is also related to the sale of Jaguar Land Rover in 2018.
Global sales of Jaguar Land Rover in February were 38288, down 4.1% from the same period last year, including 25.4% in North America, 11.3% in the UK and 1.1% in Europe. However, the Chinese market still plummeted, with sales falling 47.6% year on year. According to last year's data, Jaguar Land Rover sold 8789 vehicles in China in February 2018. It is inferred that Jaguar Land Rover sold about 4605 vehicles in China in February. Thanks to the increase in sales of E-PACE and pure electric I-PACE models, Jaguar brand worldwide in February.
Last month, rumors that Great Wall wanted to buy Jaguar Land Rover caused a sensation in the industry, and Great Wall executives quickly responded, saying that the possibility could not be ruled out. Recently, Bloomberg also reported that Tata is considering options ranging from the sale of a minority stake to finding joint venture partners to develop cars and reduce costs. Tata has also formally responded, saying it has no plans. At present, Tata Motors currently owns 100% of Jaguar Land Rover, and a Tata spokesman for the rumored sale of Jaguar Land Rover said, "Tata has no plans to separate Jaguar Land Rover.
Jaguar Land Rover, a British luxury car company, reported a pre-tax profit of 318 million pounds ($414 million) in the third quarter of fiscal 2019, up 591 million pounds from a year earlier and a loss of 273 million pounds in the same period in 2018, according to the report. Revenue rose 2.8 per cent to 6.4 billion pounds, or about $8.3 billion. Jaguar Land Rover Global CEO Schweder said: "thanks to ongoing changes in business operations, Jaguar Land Rover continues to achieve both revenue and profit growth. Although the auto market as a whole still faces.
On September 27th, Chery Jaguar Land Rover filed a recall plan with the State Administration of Market Supervision and Administration, which will recall a total of 6365 domestic Jaguar XEL and XFL series vehicles from September 30, 2019. The details are as follows: 4577 domestic Jaguar XEL produced from September 24 to May 7, 2018, and 1788 domestic Jaguar XFL produced from September 24, 2018 to May 7, 2019. The main reason for the recall is that some vehicles are extreme due to parts design and assembly process problems.
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China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
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