Thursday, 13 December, 2018

Tata Motors skids almost 20% intraday as JLR Sept sales decline

JLR is shutting its major Solihull factory for a fortnight from October 22 JLR is shutting its major Solihull factory for a fortnight from October 22
Jean Garcia | 09 October, 2018, 14:11

JLR said it will close its Solihull plant for two weeks later this month as sales fell in China due to import duties and a trade war with the United States.

Staff will be sent home on full pay for a fortnight from 22 October as the British auto manufacturer stops producing any vehicles, as it tries to match supply to dwindling demand.

Latest figures showed JLR sold 57,114 vehicles in September, 12.3% down on the same month previous year - with a slump of 46.2% in China blamed on "import duty changes and continued trade tensions" holding back demand.

"Customer demand in China in particular has struggled to recover following changes in import tariffs in July and intensifying competition on price, while ongoing global negotiations on potential trade agreements have dampened purchase considerations", said Felix Brautigam, JLR's chief commercial officer.

Delingpole: Failing IPCC Ramps up Climate Hysteria with New Doom Litany Report
There's only twelve years left to avert climate change disaster, and Scott Morrison's still throwing around words like "nonsense". The Arctic could experience ice-free summers once every decade or two in a 2 °C world, versus once in a century at 1.5 °C.

JLR sales fell 0.8 percent in the United Kingdom and 4.7 percent in Europe, which saw large industry declines of 20.5 percent in the United Kingdom and 31 percent in Germany primarily relating to the timing of new WLTP homologation rules as well as reduced diesel demand, it added.

The news affects up to 10,000 workers and comes after the group's decision to put part of its Castle Bromwich plant on a three-day week until Christmas, affecting 1,000 workers.

JLR is Britain's biggest carmaker, employing 40,000 people. Several factors can be attributed to the slump, including shrinking demand for diesel models, reduced interest in saloon cars and ongoing Brexit uncertainty.

However, company stressed that it would not mean any job losses at the plant in Solihull, with workers continued to be paid during the shutdown period.

Recommended

  • Lacazette hails Arsenal strike partnership with ‘brother’ Aubameyang

    Alexander Lacazette and Pierre-Emerick Aubameyang scored twice while Aaron Ramsey also got himself on the scoresheet. Whisper it quietly, but Arsenal have been impressing this season as the new era of Unai Emery gets into full swing.
    Drew Brees

    Drew Brees "locked in" on Washington as furor over record swirls

    The Saints (4-1) now have won four consecutive games and get a week of rest before they head to Baltimore to take on the Ravens. Next season he's likely to become the record-holder in attempts ( Brett Favre has 10,169) and touchdowns (Manning has 539).
    Alex Iwobi is new Messi... What Arsenal Fans are Saying

    Alex Iwobi is new Messi... What Arsenal Fans are Saying

    We have worked and knew we could go forward so everything is better now". "We're playing well at this moment and we have to keep focus and continue winning games".
  • Betting suspended on The Everest

    Betting suspended on The Everest

    Racing NSW stewards have suspended betting on The Everest after conducting the barrier draw in private on Tuesday morning. Police are planning to upgrade security measures around the Opera House in response to potentially violent protests.

    Google Hardware Event Tomorrow: 7 Products Expected to Be Unveiled

    The new wireless pad is said to come with the 2A/9V rating similar to Samsung's take on wireless charging. The Google Pixel phone line is still relatively new with their third generation launching tonight in NY .
    #ChargeGate and 5GHz WiFi fix for iPhone XS is out now

    #ChargeGate and 5GHz WiFi fix for iPhone XS is out now

    But this prevented subtitles from working on some video apps, and also created an issue where Bluetooth might not work. Users can download the latest update by navigating to Settings General Software Update on their iPhone or iPad.
  • ‘Venom’ Launches to $80 Million, ‘A Star Is Born’ Draws $42.6 Million

    Falling to third place this weekend is "Smallfoot" bringing in an estimated $14.9 million in its sophomore weekend. In more family-friendly viewing, high-profile animation Small Foot also lands on our shores on Friday.
    Famed TV personality Alok Nath accused of harassment, rape

    Famed TV personality Alok Nath accused of harassment, rape

    Vinta in a post on her Facebook account has alleged the lead actor of the soap opera of sexually exploiting her back then. He also stated that he does not want to talk much about it as for the matters if it has come out, it will be stretched.
    The Latest Postseason Twist: Starting Pitchers That Double as Relievers

    The Latest Postseason Twist: Starting Pitchers That Double as Relievers

    On Monday night, Luis Severino choked big time, really dropping the ball in his start against the Boston Red Sox in Game 3. Of the 18 batters Severino faced Monday, seven connected on balls that had exit velocities at 100 miles per hour or faster.
  • Mourinho getting Man Utd sack inevitable - Redknapp

    Mourinho getting Man Utd sack inevitable - Redknapp

    He does not have the CV or the managerial credentials and would face a hammering from the press and fans. A wonderful manager but this move is not going to happen, not for now anyway.
    India crush West Indies for their biggest ever test victory

    India crush West Indies for their biggest ever test victory

    West Indies made 181 in its first innings after resuming on 94-6 Saturday and was asked to follow on. Easy conditions or not, you still have to go out there and back yourself to dominate.

    Ajayi done for season with reported torn ACL

    Le'Veon Bell solves three problems, instantly: Pass protection (good), pass catching (great), rushing (great). Wendell Smallwood , Corey Clement , and Josh Adams will compete for increased carries in Ajayi's absence.

Google poised to unveil new Pixel phones, other services Expect plenty of updates on the Pixel 3 and Pixel 3 XL with faster processors, improved battery and better camera all likely. A few days ago, we saw a brand new Pixel 3 review from Hong Kong, with just a few days to go until Google's keynote.

IMF chief economist not concerned about China’s ability to defend currency IMF chief economist not concerned about China’s ability to defend currency The fund left its 2018 U.S. forecast unchanged but cut its expectation for next year, citing the impact of the trade conflict. Core inflation, which excludes volatile items such as energy, will vary from country to country, it said.

Turkey tells Saudis to prove missing journalist left consulate Turkey tells Saudis to prove missing journalist left consulate His disappearance is likely to further deepen divisions between Turkey and Saudi Arabia. He said that senior state officials have been in communication with Riyadh.

United Nations report on climate change sets off alarm bells United Nations  report on climate change sets off alarm bells Based on more than 6 000 peer-reviewed studies, the 20-page bombshell will make for grim reading when it is released on Monday. He said: "It is in our own interests to have effective climate action - and all must act".

Opponents vow Sen. Collins will pay price for Kavanaugh vote Opponents vow Sen. Collins will pay price for Kavanaugh vote The FBI conducted a supplemental investigation into Kavanaugh's background but found no one who could corroborate her account. She said her flight was delayed but she was determined return to ME for the dedication of a bridge honoring the late Cpl.

Pixel Slate: first Images of Google’s new tablet leak Pixel Slate: first Images of Google’s new tablet leak As indicated by the report , the Pixel Slate dons a showcase with 3:2 aspect ratio and bears a back and a front camera. A Chrome OS tablet was one of the rumored devices that will show up, and it appears that the rumors are indeed true.

Hubble Space Telescope Gyroscope Fails, All Observations On Hold These gyroscopes have a maximum lifetime and have been subject to replacement during previous Hubble fix missions. A Hubble image of NGC 6744, which has a prominent central region packed with old yellow stars.

Landmark UN climate report warns time quickly running out The report was commissioned by world leaders as a part of the 2015 Paris Agreement , a global pact to battle global warming. Avoiding going even higher will require significant action in the next few years.

Drew Brees sets National Football League record for most career passing yards Drew Brees sets National Football League  record for most career passing yards It was a good-natured video from Manning, and he wrapped it up with serious congratulations. "You've ruined that for me, ".

Sevilla go top of LaLiga ahead of Barcelona, Real Madrid Sevilla go top of LaLiga ahead of Barcelona, Real Madrid There are many people waiting for me and want to go for me. "Everyone has their style, we play, we would have liked to have won". In the last 10 seasons nobody has scored more from outside the area than he has - 57 goals - across the five big leagues.

USA considers sanction waivers on countries reducing imports of Iranian oil USA  considers sanction waivers on countries reducing imports of Iranian oil Iran says it has abided by the nuclear deal signed in 2015 with five major powers including the United States. These claims aim to satisfy the USA and express support for Washington's sanctions against Iran, he added.

United Nations report on keeping global warming down to 1.5 degrees Celsius The planet is already two-thirds of the way there, with global temperatures having warmed about 1°C above pre-industrial levels. Warrick said her organisation intends to campaign for governments to invest in carbon capture technology.

Limo that crashed in NY , killing 20, failed inspection Limo that crashed in NY , killing 20, failed inspection The remainder of the group were close school and neighborhood friends, including another newlywed couple, Erin and Shane McGowan . Adam Jackson worked as a deputy commissioner at the Montgomery County Board of Elections, according to his Facebook page.

Senate confirms Brett Kavanaugh to Supreme Court Senate confirms Brett Kavanaugh to Supreme Court The man accused of sexual assault by multiple women will now sit on the SCOTUS bench as a justice for a lifetime appointment. Protesters began swarming Capitol Hill, creating a tense, confrontational atmosphere that put Capitol Police on edge.

Pro-Russia party ahead in Latvia election Pro-Russia party ahead in Latvia election And the New Conservative Party is running on a strong anti-corruption platform but has struggled to gain voter support. Polling stations close at 1700 GMT with a preliminary official result expected around 0100 GMT Sunday morning.