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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.
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).
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.
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.
According to local media reports such as India Today and The Indian Express, Cyrus Mistry, former chairman of Tata Group, was involved in a traffic accident in Maharashtra.
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.
Global sales of Jaguar Land Rover fell 5.5 per cent year-on-year to 41866 in October. Of these, Jaguar sold 10606 vehicles in October, down 22.9 per cent from a year earlier, while Land Rover sold 31260 vehicles, up 2.4 per cent from a year earlier. Global cumulative sales of Jaguar Land Rover in fiscal year 2019 (April-October) were 299434, down 6.3 per cent from a year earlier. Among them, Jaguar brand global cumulative sales of 87469 vehicles, down 12.4% year-on-year; Land Rover brand global cumulative sales of 211965 vehicles, down 3.6% year-on-year. Due to Brexit and the market environment, since 2010.
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.
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.
Ralph Speth, chief executive of Jaguar Land Rover, said Jaguar Land Rover was grappling with the saturated Chinese market as it tried to stabilise its troubled sales business. In February, the business caused Jaguar Land Rover to write down $4 billion in assets. The picture shows Chery Jaguar.
Tata Group, the parent company of Jaguar Land Rover, said it was "willing to find a partner for Jaguar Land Rover to solve its current operating difficulties, but has no plans to sell the troubled subsidiary," Bloomberg reported. " Chandra Sekaran, chairman of Tata Group, said: "We will not sell Jaguar Land Rover because the automotive business is our core business and accounts for the vast majority of the group's total revenue in terms of negative revenue." It is understood that Tata Group acquired the Jaguar Land Rover brand from Ford in 2008 and sold it mainly in Russia and China after the acquisition. Take the Chinese market as an example, Czech Republic in the third quarter of this year.
A few days ago, Jaguar Land Rover CEO said in an interview with foreign media that the future recovery plan of Jaguar Land Rover will face challenges from all sides. The problems currently facing Jaguar Land Rover-weak performance in China, concerns about Brexit and falling diesel prices-are seriously affecting its parent company in India. Tata's shares fell 30% in February after Jaguar Land Rover reported a loss in the first quarter. Tata had to reduce the value of its UK subsidiary by nearly $4 billion. There is speculation that Tata is studying strategic options, including the sale of the British brand, and PSA CEO Carlo Stavares said he was interested.
According to British media reports, sales of Jaguar Land Rover in China fell 85% in February compared with the same period last year due to the COVID-19 epidemic, but specific sales figures have not yet been released. Tata Group, the parent company of Jaguar Land Rover, said: "given the current uncertain situation and the possibility of changes, full-year EBIT profit margins are expected to fall by about 1 per cent as Jaguar Land Rover's sales in China decline." The Chinese market is Jaguar Land Rover's largest single market, and its sales in China are down 85% from a year earlier, meaning its global sales will fall sharply. Tata Group said that only 20% of Jaguar Land Rover dealers in China opened for business in the first half of February, although the current.
Electrification and intelligence have become the future development trend of the automotive industry. Volkswagen, Honda and Toyota have all begun to transform to electrification, while Jaguar Land Rover, as one of the luxury brands, also plans to transform to electrification. Recently, Jaguar Land Rover, owned by India's Tata Group, released a global development strategy, with Jaguar taking the lead in starting the electrification process, which is expected to be electrified into an electric car brand in 2025, which also means that the fuel models of the Jaguar brand will be phased out and replaced by electric vehicles, while the Land Rover brand will launch more than six pure electric models in the next five years, covering SUV and cars. And others.
In the past two years, Jaguar Land Rover's sales have been hit frequently, which has also hit the performance of the Tata Group. According to the data, Tata Group lost 3.6 billion yuan in 2018 and sold 1.28615 billion vehicles worldwide in the second quarter of 2019, down 11.6 per cent from a year earlier, with a pre-tax loss of 395 million pounds and quarterly revenue of 5.07 billion pounds, down 2.8 per cent from a year earlier. Sales in the third quarter of this year were 129000, up from the previous two quarters, according to sales figures released by Jaguar Land Rover. Specifically, the Jaguar brand sold a total of 37300 vehicles in the third quarter of this year.
Tata's British brand Jaguar Land Rover may buy mini-taxi company Addison Lee, hoping to enter the car-sharing market and self-driving, the Daily Telegraph reported. This will be a move by automakers to move into the auto service industry. Carlyle, the owner of Addison Lee, is said to have hired Bank of America and Rothschild to evaluate the merger. And is willing to sell the business for 300 million to 500 million pounds. According to sources, in addition to Jaguar Land Rover, other automakers and technology companies and private equity funds are evaluating bids. Jaguar Land Rover.
SAIC has been trying to expand outside the UK since its acquisition of the British Mingjue brand in 2008, while in India, the largest British colonial colony, SAIC acquired a closed assembly plant at General Motors in Harrol, Gujarat, western India. SAIC announced in India the establishment of a new Indian Mingjue Automobile, a wholly owned subsidiary of SAIC, while the plant in Harrol will have an annual production capacity of 120000 vehicles, which is Mingjue's third plant in South Asia. Previously, MG cooperated with Thailand's Charoen Pokphand Group to own two.
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.
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.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
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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