We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Jaguar Land Rover announces record profit.
HAMISH_MCTAVISH
Posts: 28,592 Forumite
In the year to March 31, the firm had a turnover of £9.9bn, with a profit after tax of £1.04bn.
It is a dramatic turnaround for a company which only two years ago was seeking the Government's help to put a survival package together.
The company was considering closing one of its three UK manufacturing centres.
It is understood that JLR has plans to build a £750m engine plant somewhere in Britain, possibly in Wolverhampton, with the creation of 1,000 jobs.
A change in fortunes has been driven by emerging markets in China and India, where sales have been growing rapidly.
More good news.:beer:
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
0
Comments
-
Not a British owned company, but as they have a manufacturing base in the UK, not bad news.
A little birdy tells me that they are considering moving some of their manufacturing abroad.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
well it's obviously good news for everyone employed by them and even better news for their foreign owners Tata.HAMISH_MCTAVISH wrote: »More good news.:beer:0 -
Not a British owned company, but as they have a manufacturing base in the UK, not bad news.
A little birdy tells me that they are considering moving some of their manufacturing abroad.
Previously owned by Ford. Also not a "British owned" company.
Although in reality, any listed company is now "owned" by shareholders from dozens of countries.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
QUICK, buy a house!FACT.0
-
Bet Ford are kicking themselves, they sold for peanuts.0
-
Hang on, is this the same JLR about which Mr Tata complained of a problem with work ethic ?
They must be doing something right
0 -
He's fired all the lazy ones and it turned the business round. Or they're flogging loads of expensive motors abroad, helped by the relatively weak pound. Or something.0
-
Bangerchick wrote: »He's fired all the lazy ones and it turned the business round.
Or F888ed off a third off the workforce without notice.Not Again0 -
HAMISH_MCTAVISH wrote: »More good news.:beer:
Not quite!
My current XJS Sovereign is great. A recognisable Jaguar. But have you seen the new XJ6? As the Duke of Edinburgh would doubtless remark, designed by a bunch of Indians.0 -
Bet Ford are kicking themselves, they sold for peanuts.
I saw Ford being interviewed about this earlier. Apparently its all down to Ford that they are doing so well as they laid all the groundwork. Also they had no choice but to sell them off having done all the hard work because of their financial state at the time. The words gritted and teeth sprang to mind.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards