No looking good JLR
Record losses reported
https://www.jag-lovers.com/jaguar-land- ... us-losses/
It’s Not Looking Good For JLR
I think we can thank our Socialist (masquerading as a Tory) Chancellor and his anti motorist taxes for the UK side of this. Two years ago I bought two Jaguars, my F Type and 'Er indoor's F Pace, just beating the savage tax rises, wouldn't do it now.
2017MY F Type Coupe, Caldera Red, 19 Centrifuges, Pan Roof, Leather memory heated seats, Parking pack. Also 1957 XK150 FHC.
Statistics can be bent to make things appear far worse than they really are .
I have copied this from a post on the F-Pace forums that was talking about these figures.
There's a lot more to it than meets the eye.
"£3.1bn of the headline £3.4bn loss is an accounting adjustment on capital value of factory premises, plant and equipment, it has very little to do with sales figures. While the actual number of car sales at JLR are down, they are actually only down by slightly less than 10,000 cars, from 154,447 to 144602, according to a report on the BBC business news website.
In the last Qtr of 2018 they still posted sales values of £6.2 billion, against £6.3 billion for the same Qtr the year before. "
https://www.bbc.co.uk/news/business-47155145
I have copied this from a post on the F-Pace forums that was talking about these figures.
There's a lot more to it than meets the eye.
"£3.1bn of the headline £3.4bn loss is an accounting adjustment on capital value of factory premises, plant and equipment, it has very little to do with sales figures. While the actual number of car sales at JLR are down, they are actually only down by slightly less than 10,000 cars, from 154,447 to 144602, according to a report on the BBC business news website.
In the last Qtr of 2018 they still posted sales values of £6.2 billion, against £6.3 billion for the same Qtr the year before. "
https://www.bbc.co.uk/news/business-47155145
As always it’s great to get an alternative perspective that provides a balanced view
Best Regards
Gazza
2018MY, F-Type 400 Sport Convertible RWD, Black
2010 XKR 5.0 Convertible
2006 XK 4.2
2001 Nissan Skyline R33 Twin Turbo
1996 Nissan 300ZX Twin Turbo
Gazza
2018MY, F-Type 400 Sport Convertible RWD, Black
2010 XKR 5.0 Convertible
2006 XK 4.2
2001 Nissan Skyline R33 Twin Turbo
1996 Nissan 300ZX Twin Turbo
The pedant in me feels obliged to point out that you've actually copied, rather than stolen, it, since I presume you haven't deprived the F-Pace forum of that text.
Thanks for posting, regardless.
MY18 F-Type V8 R AWD in Glacier White
Lots of leather and toys, and loads of noise!
Lots of leather and toys, and loads of noise!
Thanx PhilB,
I understand there are also some asset adjustments so not as dire as the headlines would have you believe ... and positive order books for the 2019 DEFENDER should see a far better out turn for the next submission ...
Regards, P
I understand there are also some asset adjustments so not as dire as the headlines would have you believe ... and positive order books for the 2019 DEFENDER should see a far better out turn for the next submission ...
Regards, P
Storm Grey V6 coupe, fun, fast, popping and crackling with smiles all the way ... missed more than I expected!
1998 NSX 3.2 Targa manual
C43 AMG estate, lots of toys, like the F-Type but with 4 seats and far more stealthy but still with pops and crackles!
1998 NSX 3.2 Targa manual
C43 AMG estate, lots of toys, like the F-Type but with 4 seats and far more stealthy but still with pops and crackles!
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