Sales plunge forces Jaguar Land Rover to shut factory for two weeks

JLR is shutting its major Solihull factory for a fortnight from October 22

The stock plunged almost 60 percent in last one year.

Shares of Tata Motors plunged over 16 per cent in early trade on Tuesday after the company-owned Jaguar Land Rover (JLR) reported a 12.3 per cent decline in global sales at 57,114 units in September, hit by lower demand in China.

Chinese sales almost halved, falling 46.2 per cent, with JLR blaming import duty changes and trade tensions for hurting consumer appetite.

"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.

Avengers 4 Rumored To Have Big Time Jump
According to a user on Twitter claiming to be connected in Hollywood, The Avengers 4 will start five years in the future. Ruffalo joked, "I've kind of got a punk rock soul and I felt like 'dude, everyone has tattoos".

Despite this, we expect lower tariffs on United Kingdom imports to be beneficial over the full year, he added.

China's automobile sales have been falling in recent months, with a slowing economy and trade frictions making consumers cautious about spending, an industry body said last month. "It was largely reflecting lower industry sales (down 5.5 percent) and reduced incentives on Jaguar sedans, although Land Rover had a record September with sales up 7.3 percent", the company said.

Jaguar Land Rover (JLR) is planning a two week shutdown of its Solihull plant at the end of October.

JLR's United Kingdom sales fell by just 0.8% in September, bucking the industry-wide decline of 20.5%. This is further to three day week from Oct-18 to Dec-18 at Castle Bromwich plant. The Unite union said no jobs would be lost because hours would be banked.

Related News:

  • Chaser projects Alan Jones’ ad and phone number onto Sydney Opera House

    Chaser projects Alan Jones’ ad and phone number onto Sydney Opera House

    Comedy crew The Chaser have out-Jonesed Alan Jones by projecting his phone number onto the sails of the Sydney Opera House . Until the results of the draw are made public on Tuesday evening, punters will not be able to bet on the $13 million race.
    #MeToo movement hits MoS MJ Akbar, actor Alok Nath

    #MeToo movement hits MoS MJ Akbar, actor Alok Nath

    Supporting the writer-producer, CINTAA general secretary Sushant Singh said a show-cause notice will be sent to Nath. Nanda also shared that Alok Nath "brutalised" at her own residence after offering to drop her home from a party.
    Statement on Kavanaugh Senate Confirmation

    Statement on Kavanaugh Senate Confirmation

    With tensions simmering, Pence got an earful from activists who booed and chanted "Vote them out!" as he walked to his motorcade. But senators from the party of Barack Obama and Hillary Clinton insisted it would galvanize Democrats at the ballot box.
  • How To Watch Google's Pixel 3 Event In Australia

    Talking about Pixelbook 2, the Chrome OS notebook is expected to retain the same form factor and ports as the first model . The Pixel 3 and Pixel 3XL are expected to come in Pink and Mint colours besides the usual white and black.
    IOS 12.0.1 fixes iPhone XS charging and WiFi glitches

    IOS 12.0.1 fixes iPhone XS charging and WiFi glitches

    Apart from that, there are also fixes to subtitles not appearing in some video apps and Bluetooth unavailability issue. The latest iOS build will also help an iPhone XS and iPhone XS Max select the correct Wi-Fi network to use.

    Major UN report says climate change is worse than first thought

    The report was commissioned by world leaders as a part of the 2015 Paris Agreement , a global pact to battle global warming . One startup, Carbon Engineering Ltd. of Squamish, B.C., removes it directly from the air and uses it to produce biofuels.
  • United Nations  report on climate change sets off alarm bells

    United Nations report on climate change sets off alarm bells

    While the United Nations panel says technically that's possible, it saw little chance of the needed adjustments happening. Monday's report is three years in the making and is a direct result of the 2015 Paris Climate Agreement .
    Eagles place RB Ajayi on IR, reportedly has torn ACL

    Eagles place RB Ajayi on IR, reportedly has torn ACL

    The season, and possibility the entire tenure with the Eagles, is now over for Ajayi, who is in the past year of his contract. Or, of course, they could try to pursue trades for other, cheaper running backs or simply sign an existing free agent.
    United Kingdom  court blocks iPhone users' privacy case against Google

    United Kingdom court blocks iPhone users' privacy case against Google

    Google argued that the type of "representative action" being brought against it by Mr Lloyd is unsuitable and should not go ahead. They also said it was not possible to identify those who may have been affected and the claim had no prospect of success.
  • La Liga Roundup: Barcelona lose lead to Sevilla after draw at Valencia

    La Liga Roundup: Barcelona lose lead to Sevilla after draw at Valencia

    Barcelona fail to move back to the top of La Liga after being held to a 1-1 draw by Valencia in Sunday's fixture at the Mestalla.
    Indian companies DEFY President Trump by purchasing Iranian Oil despite United States  sanctions

    Indian companies DEFY President Trump by purchasing Iranian Oil despite United States sanctions

    Also, subsidised domestic cooking gas prices have been increased by Rs 2.89 per 14.2 kg cylinder to Rs 502.40, an all-time high. China is reportedly reducing its oil imports from Iran , though it's not likely to fully comply with the us demands.
    How They Filmed Jodie Whittaker's First Doctor Who Episode

    How They Filmed Jodie Whittaker's First Doctor Who Episode

    Still, that's small potatoes, especially when it gives the audience more time to get used to the show's numerous changes. Chibnall and Strevens aren't featuring any episodes that star the Doctor without her companions this season.


Most liked

Umpire Angel Hernandez Had An Atrocious Game 3
In the postseason, Porcello's record is decidedly more mixed. "Obviously this is my first, but I'm excited", Eovaldi said. Luis Severino will go for the Yankees while Nate Eovaldi will toe the rubber for Alex Cora's Red Sox .

Why Arsenal’s 5-1 win is "deceitful", Lacazette
He is believed to be on around £110,000 a week with Pierre-Emerick Aubameyang and Henrikh Mkhitaryan on £170,000. We will enjoy it, we are working well and we want to continue like this.

FA to investigate allegations Jose Mourinho swore in Portuguese
His stock has never been lower as a United player; he's one of many who needs a change in fortunes. The concern for United is that this is not new for Mourinho.

Hillary and Bill Clinton to go on tour this year
The tour kicks off on November 18 in Las Vegas and the visits to other cities start in April 2019. They'll make stops in both Canada and the US throughout their tour.

China claims missing Interpol head was corrupt
Interpol downplayed those concerns, saying the president has little influence over the organisation's day-to-day operations. Interpol says President Meng Hongwei resigned on Sunday.

Google Pixel 3 XL Gets REVIEWED (Days Before Its Official Launch)
American tech giant Google will unveil the Pixel 3 and Pixel 3 XL today at an event in New York City at 11 am ET (8.30 pm IST). The tech giant has confirmed to the worldwide media that we wouldn't be seeing any new smartphone watch on the sets tomorrow.

Planet has only until 2030 to stem catastrophic climate change, experts warn
Keeping the 1.5C target would keep the global sea level rise 0.1 metre lower by 2100 than a 2C target, the report states. The report explains why it's so important that we meet the 1.5 degree target, and how hard that will be to accomplish.

Drew Brees Isn't Focused On Passing Yardage Record
After the Saints forced a three-and-out, Brees got the ball back needing just 35 yards to break the record. Peterson briefly played for the Saints past year before they traded him to the Arizona Cardinals.

Chris Sale refuses to answer question about the Yankees
Happ lasted just two innings for his shortest postseason start, allowing five runs on four hits and a walk while striking out two. Both scored when reliever Chad Green allowed an RBI single to Steve Pearce and Xander Bogaerts' sacrifice fly.

Limo deaths: The faces of America's worst horror crash in decade
The remainder of the group were close school and neighborhood friends, including another newlywed couple, Erin and Shane McGowan . Twenty people are dead, state police confirmed, after a crash that reportedly involved a wedding limousine in upstate NY .

Pro-Russia party, populists win Latvian parliamentary election
Polling stations close at 1700 GMT with a preliminary official result expected around 0100 GMT Sunday morning. In the past, parties have refused to enter into coalition with Harmony.

Venom set to take a massive bite out of the box office
That's an October box office record, knocking off previous record-holder " Gravity ", which brought in $55.7 million in 2013. A very different movie took second place: Lady Gaga and Bradley Cooper's remake of A Star is Born earned $41.3 million.

Susan Collins Lambasted by LGBT Groups for Kavanaugh Support
Flake, like Collins, believed that the FBI investigation, which did not corroborate the sexual assault allegations, was thorough. In 2010, Palin, then the former Republican vice-presidential candidate, backed Tea Party Senate challenger Joe Miller over Sen.

Twitter reacts Manchester City held to goalless draw by Liverpool
Manchester City are sitting at the top of the Premier League table and are yet to lose a game in the league this season. But the Egypt worldwide snatched at the chance with the confidence of a player with one goal in his last eight matches.

Top EU commissioners 'ruined Europe' - Italy's deputy PM Salvini
When asked by broadcaster La7 about Juncker's suggestion Italy might pose a Greece-like threat to the euro, Salvini replied: "I talk to sober people who don't make comparisons that aren't here nor there".