Jump to content
Create New...
  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • William Maley
    William Maley

    Rumorpile: Jaguar Land Rover May Slash 5,000 Jobs

      A triple whammy of various issues

    This past year hasn't been good for Jaguar Land Rover. A triple whammy of sales dropping in China, demand for diesel vehicles falling, and the looming threat of Brexit has seen the company report a 90 million pound (about $113,550,300) loss in the third-quarter. S&P Global Ratings recently cut their long-term rating into JLR's parent company, Tata Motors into Junk Status.

    Because of this, Jaguar Land Rover will be detailing a three-year cost-cutting plan next month. Tata announced the plan back in October that would save 2.5 billion pounds (about $3.2 billion) within the first 18 months. There would be job cuts, but Tata did not say how many. The Financial Times reported this week that JLR is planning to cut 5,000 of its 40,000 workforce in the U.K.- this according to sources.

    “It’s do or die at the moment,” Robin Zhu, an analyst from Bernstein said.

    “JLR has been seriously mismanaged in recent years, with cost runaways, products disappointing in the market, and hedging issues costing it billions."

    “Jaguar Land Rover notes media speculation about the potential impact of its ongoing charge and accelerate transformation programmes. As announced when we published our second-quarter results, these programmes aim to deliver £2.5bn of cost, cash and profit improvements over the next two years. Jaguar Land Rover does not comment on rumours concerning any part of these plans,” JLR said in a statement to The Guardian.

    Other parts of the plan are said to include a reduction in models and selling off various assets. But Evercore ISI, an investment advisory frim said JLR needs to do more than cut costs.

    "The company needs to consider whether it’s spreading itself too wide and whether competing with the Germans in the tough premium sedan segment is a viable strategy," it wrote in a note to investors this week.

    Source: Financial Times (Subscription Required) via The Guardian, Automotive News (Subscription Required)

    Edited by William Maley

    User Feedback

    Recommended Comments

    I thought 2 years ago Brexit was a terrible idea.  I don’t understand how separating yourself from the EU is better for business than being in the EU. This is like the tariff war we are in, that doesn’t help businesses.  

    I think the next recession could knock out another 5-10 auto brands globally and these guys along with a couple of FCA’s are at the top of the list.

    • Agree 3
    • Disagree 1
    Link to comment
    Share on other sites

    10 minutes ago, smk4565 said:

    I thought 2 years ago Brexit was a terrible idea.  I don’t understand how separating yourself from the EU is better for business than being in the EU. This is like the tariff war we are in, that doesn’t help businesses.  

    I think the next recession could knock out another 5-10 auto brands globally and these guys along with a couple of FCA’s are at the top of the list.

    Agree completely.

    • Agree 1
    Link to comment
    Share on other sites

    1 hour ago, riviera74 said:

    Tata will have a lot of decisions to make in the next year or so.  Will either Jaguar or Land Rover be shut down, and if so, how soon?

    Probably neither shut down....but neither of them will be healthy either.

    Link to comment
    Share on other sites

    Jaguar can have 2 sporty models in the F Type and XE, but all the rest gotta be high tech and luxo first. And reliable.

     

    Jaguar has a loss in one quarter...worst auto company ever.... basically

     

    Tesla has a loss...oh they're still winning and continuing to make themselves great again, OMG model Y, Model Truck, Model Roadster, such billions in losses to develop those, such greatness.

     

    ?

    • Agree 1
    Link to comment
    Share on other sites

    First off, nations need to be able to govern themselves.  They need to guard their sovereignty.  Secondly, if they die before they go electric, they can still salvage some fond memories of enthusiasts.

    Link to comment
    Share on other sites

    Just now, oldshurst442 said:

    So...is it jag-YOU-ah or jagwar? 

    If they could finally solve that mystery, maybe they could start selling some cars!

     

    Or is it jag-WIRE?   That's how I've heard it pronounced sometimes in regards to the Jacksonville Jaguars NFL team..

    • Agree 1
    Link to comment
    Share on other sites

    Well, people mispronounce the name of my town (the oldest inland city in the US) often if they don't live here.  I've always said "JAGWAHR", but the Brits (and it is their car) say it differently.  I think the Brits say it properly because it is their car.

    • Thanks 1
    Link to comment
    Share on other sites

    I’ve heard my county (and the river) pronounced a couple ways... Cuyahoga... Q-uh-hoga or Kai-ah-Hoga.  

    So Lan-Caster or Lank-aster?  I’d go with the 2nd..  Ohio has a Lancaster, not sure how it’s pronounced.  Ohio has a Louisville—pronounced Lewis-vil, but my cousins in Kentucky pronounce their city Luh-a-Vul.  

    Edited by Robert Hall
    Link to comment
    Share on other sites

    Louisville...

    I sometimes pronounce it louie-vil or, because I speak French, I will  sometimes read it in French.  Something like louie-vil, but the louie part is louieee and the vil part is more pronounced, more Frenchie.  Ville is city in French, so I will read ville as I would like Im speaking...French. 

    And yes..."JAGWAHR"  is the way I say it too.  What do the Brits know about how to speak the English language anyhow...?

    I hear Lang-caster from time to time. 

    I think I pronounce it as Lank-aster myself.

     

    Link to comment
    Share on other sites

    OH NOZ! AND RITE BEFUR X-MAS! HOW HEARTLESS!! HOW GREEDY!! THEY SHOULD KEEP THE FACTORIES RUNNING AND BUILDING, AND JUST STORE THE UNWANTED VEHICLES IN STADIUM PARKING LOTS, OFFERING THEM UP AS SLEEPING BERTHS FOR THE HOMELESS!! BECAUSE; CORPORATE MONSTERS!!!!!!!!!!!!!!!

    Edited by balthazar
    • Haha 1
    Link to comment
    Share on other sites

    8 hours ago, balthazar said:

    OH NOZ! AND RITE BEFUR X-MAS! HOW HEARTLESS!! HOW GREEDY!! THEY SHOULD KEEP THE FACTORIES RUNNING AND BUILDING, AND JUST STORE THE UNWANTED VEHICLES IN STADIUM PARKING LOTS, OFFERING THEM UP AS SLEEPING BERTHS FOR THE HOMELESS!! BECAUSE; CORPORATE MONSTERS!!!!!!!!!!!!!!!

    On the other hand without money nothing happens. Cutting slower selling vehicles ensures health of company which is the greater good.

    The real question is how do you create economic diversity? Columbus Ohio here will be devastated if anything ever happens to the insurance industry.

    Don't know about sleeping berths for the homeless but Kia does build a small hatchback called the Soul thst seems uniqely fit for rodents.

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Good morning: Sending Sicilian Saturday vibes your way.  I dropped off a rental car to board my plane in the States while it was flurrying. That is the hydrofoil that goes to Malta.  I think that - where I am standing - I am a hair south in latitude compared to Tunis, the capital of Tunisia!  But this is still Europe ... sort of. Walking along the beach in a small town I spotted this - the new and the old.
    • Very cool, seems Chinese EVs are here being compared by American companies so that hopefully we do not fall too far behind. A Xiaomi EV was spotted in America, and a US maker might be behind it
    • Kia just showed off in Brussels their Global release of the EV3, EV4, and EV5 GT editions. Full details are here. Kia electrifies Brussels Motor Show with three new GT models: EV3, EV4 and EV5 | Releases | Official Media Site NEWSROOM
    • Phoque him and las vegas!!! Phoque the whole damned country that is the usa!!!  Fix your own shyte! Canadians need not be a money mine for any american tourist site or area!!! trump and many maga a&&hol3s want to make Canada an enemy and actually want to occupy Canada. Many other americans are phoquing clueless to  trump's bullshyte!!!   Phoque that!!! There are only a hair above 40 million Canadians. There are a hair below 350 million americans.  trump said and continues to say that he and the usa does not need anything Canadian.  So phoque trump and phoque the usa!!!  Let americans visit and tourist las vegas and any other american area.  desantis who says continually "who needs Canadians?" and he FALSELY claimed last December  that florida had record breaking visitors mocking Canada's boycott to florida!!! Like I said...fix your OWN shyte!!!  Let the mayor of las vegas strike up a deal and pour marketing money INTO florida begging floridians to visit las vegas.  There are a hair below 25 million a&&hol3s in florida. floridians could visit las vegas!!!  And las vegans and nevadans could return the favour and visit Disney...  In fact, all of america could visit there OWN phoquing country and do their own phoquing tourist vacations within their OWN phoquing dumb a$$ country!!! Canada and Canadians NEED to stay the PHOQUE away from shytty usa!!!  Get killed by an ice agent?  Phoque off!!! Get accosted by a border agent???  Phoque off!!! Get robbed by a desperate down and out american loser because he voted for trump and trump phoqued him?  Phoque off!!!  But you know what the REAL sad news is about this whole shyte???!!!   https://www.cbc.ca/news/canada/calgary/southern-alberta-mustangs-collision-9.7071643   Rest in Peace 3 Southern Alberta Mustang junior hockey players died in a car crash yesterday afternoon. 2 were from British Columbia and the other boy from Birmingham Alabama.  ALABAMA... The kid was from Alabama playing hockey. In CANADA!!!  And the reverse happens quite often. Kids from Flin Flon Manitoba, play in the States in hockey with US scholarships...   Kids from Boston come to Montreal  and play for McGill or Concordia and Montreal kids play for Boston College...  Its quite sad that trump has made us enemies...   Its even sadder that some americans have accepted it!!!   
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search