Jaguar Land Rover says sales plunged 13.2%

[scooterscot]

Airbus profits soar

Business Live: Jaguar Land Rover sales plunge - BBC News

Nothing to see here. I repeat nothing to see here. So much for people shying away from Diesel to explain falling car sales.

Jaguar Land Rover says sales plunged 13.2% to 129,887 vehicles for the three months to 30 September.

The UK’s largest car maker reported revenues of £5.6bn and a pre-tax loss of £90m on the back of lower sales.

How long before Airbus close down Bristol?

Airbus says third quarter net profit was €957m - more than triple the result for the same period last year.

The company is maintaining its forecast for deliveries of 800 commercial aircraft this year - but adds that there is still much to do to reach that target.


The results reflected the "good performance" of the key A350 long-haul plane, Airbus head Tom Enders said.

[northernladuk]

[Zigenare]

Eurozone inflation rose to 2.2% in October, moving further away from the European Central Bank's target rate, as unemployment remained stable.

The rise from 2.1% in September was driven by higher energy prices and marks another step up from the ECB's aim of near or lower than 2%.

FTFY

[original PM]

Why is this in the Brexit sub?

It has nothing to do with Brexit - please move to general.

[BoredBloke]

Didn't read the attached articles, but surely this is more to do with their cars being mainly diesel cars and the downturn in sales in diesels

[Eirikur]

Didn't read the attached articles, but surely this is more to do with their cars being mainly diesel cars and the downturn in sales in diesels

Or they're just overpriced and crap in general

[BlasterBates]

Prediction:

Investment in the car industry predicted to crash as a result of Brexit

Reality:

Brexit killing the car manufacturing industry

This now needs to remain firmly in the Brexit forum.

[original PM]

This is a classic example of the difference between causation and correlation

The decline of the sales of JLR are nothing to do with Brexit - people are simply not buying JLR cars for various reasons.

Someone also said that Brexit will cause a decline in investment in the UK car industry.

SO is the slump in JLR sales figures directly related to a lack of investment in the UK car industry?

No no it is not.

[WTFH]

This is a classic example of the difference between causation and correlation...

Someone also said that Brexit will cause a decline in investment in the UK car industry.

SO is the slump in JLR sales figures directly related to a lack of investment in the UK car industry?

No no it is not.

Ralf Speth has been saying for a while that Brexit may well cause a decline in the UK car industry (not necessarily "investment in" it)
Jaguar Land Rover warns Brexit 'no deal' would cost it 'tens of thousands of jobs'

The slump in JLR sales may not be related to lack of investment. It could be due to lack of design, lack of quality, uncompetitive pricing, poor exchange rates, bad decisions, etc.

JLR are investing in the car industry, just not in the UK.

They are also moving 100% of Discovery production to Slovakia.
They currently have the i-pace (electric), which is manufactured by Magna-Steyr in Austria.
They don't produce electric cars in the UK.
They have committed to only produce electric or hybrid cars by 2020.

[GreenMirror]

Or they're just overpriced and crap in general

You mean the posters in general?

Oh I see! You mean JLR cars are generally crap and overpriced. Not true. They are all overpriced and crap.