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That 'stunning success' of JLR's mighty SVO operation - genuine yearly, global sales around 2k units - we've been hearing about all this week from every media outlet on the planet, as momentous news, turns out to be 3 year old XEs, and 2 year old F-Pace SVRs clogging up Autotrader for already ~£20k off - 'delivery mileage', cough, pre-registered turkeys dealers have had dumped on them by JLR Sales - pre-The Thing, worth probably £40k, half-rrp price, now:


- all funded - making cars that don't sell for 2/3 years, sold/disposed of eventually at massively below production cost - and made possible by the now biblically bust UK taxpayer, propping up this Enron meets BL nonsense, and not a whisteleblower or people's representative, MP, in sight to call a halt to it.
 

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Hardly noticed in all the deliberately diverting talk of easing lockdown, V-shaped recoveries, Spaffer's latest pocketing of public money or complete balls up, is the fact that the £ is tanking, as real investors realise that there's nothing holding up the 'UK economy' - the parks are full but the offices empty.

You don't need to be John Maynard Keynes to realise that UK's last 40 years or so 'Booming, Services economy' has been fully revealed by The Thing as fully phony, made up to replace those millions of real productive jobs that were wiped out in the 70s and 80s mainly, with overwhelmingly zero/negative-producing 'jobs' for middle-class females, in 'Health', 'Education', the 'Third Sector/Way', etc.

These women now sit in the parks, on the beaches, with their kids and other similar situation female friends, law-abiding socially distanced, having a wonderful time, the mythical taxpayer keeping them in this idyll, as their jobs are basically bullet proof - public sector, taxpayer-teat dependent 'private sector' etc, and they know it.

They also know, any of them with a few brain cells, that their 'jobs' are/were fake, proven by millions of them not doing these 'jobs', with zero or actually positive effects on the real, what's left of it, economy.

The rest of the world looks on in astonishment, as they know someone has to produce something, which can be sold for real money, to make a living, a tax-base, a society, an economy, a country

A 70 million plus real population cannot survive on a fraction of productive workers, well under 10 million, and hundreds of £billions, trillions of 'QE' printed money, hence the now collapsing, hardly reported pound.

This is broke-Britain, post-1945, on stilts, but reported night after night to the mainly drugged up, boozed up, soaps/footie/box sets-watching infantilised citizenry as 'we can work through this', 'economy/GDP back to normal in 18 months to 2 years - Bank of England experts say'.

Post WWII took arguably till at least the early 1960s before Britain had any kind of standard of living for the average person, and that with large-scale industry, a captive EmpireCommonwealth market, and around 30 million fewer mouths to feed.

The pound at around €1.10 means, even with The Thing, new car prices in the UK need to go up 20-25%, as they have been artificially low already against euro Continent pricing for some years, even before this latest fall of the £ against the €.

Add to this that the average Brit is bust, cannot afford a new car, any income now going on paying the mortage or the rent, and this will be the situation for years to come.

Then add that Spaffer's billionaire City stringpullers want 10% on the price of cars from the EU.

So, we have new cars in Britain about to cost up to a third more than they do today, and buyers having no money to buy them.

The EU, cough, Germany, will take a massive hit, yes, as UK is/was a golden market for it, but they will survive by concentrating even more on China and its satellites.

But what about us, UK? JLR's talk of '£500m/yr hit from Brexit' is for the birds and ridiculous.

No one in UK but the very rich, 0.1-0.01%, will be buying cars with real, profit-making money, and that means just the likes of Rolls-Royce and Bentley.

JLR is gone, against this background. Rolls-Royce Aero knows the future is bleak/apocalyptic, but is doing something about it.

JLR and the UK Regime, which it is the posterchild for, are pretending nothing has changed, business as usual - a hit, yes. but 'working together we'll be back in business by this time next year, Xmas 2021 at the latest'.

No, 40+ years of Phony-UK have been found out, by this backfiring Thing, where one cabal thought they had it all Planned(demic) out, and another reacted in fury - 'we have a lovely life, creaming off the plebs of all their income and loading them up with unrepayable debt, which the morons think they can service', and hence the now daily flip-flopping 'Lockdown!'/Get back to work!' absolutely contradicting messaging to the plebs, and the accelerating meltdown of the remaining real economy, as the 'yummy mummies' sit in the park having their picnics, with their £50-150k/yr pay cheques for their 'jobs' going into their bank accounts month after month.

Total insanity, but the UK always was 'special' - as in 'special needs'.
 

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The Invisible Man Speth and the sailing on serenely JLR thing is becoming more ridiculous by the hour, as far bigger, real car companies are fighting for their lives, taking drastic, emergency action:

  • Nissan - now reported to be cutting 20,000 jobs, around 10-15% of its workforce
  • Renault - bust - now needing direct propping up by the French state
  • Fiat bust - Elkann, the Agnelli family desperate to lash PSA to their sinking ship
  • BMW - telling its employees it's about to make compulsory redundancies - almost verboten, unheard of in German business/society
  • Daimler/Mercedes similar
etc

But the clown Speth waltzes from one gong to another, member of The Royal Society, society of what, Thieves?, and JLR has now gone from pictures of visors to pictures of 'stunners' coming off a production line - with 2 out of 3 of its factories still closed, and its 'stunningly successful Range Rover' one running at 25% of capacity.

A child know this doesn't add up - ~40,000 employees before The Thing, 3 months plus of no income, ...and still ~40,000 employees, with the obvious prospect of reduced demand of 50% or more for at least a year ahead.

Thatcher pulled the plug on the BL Potemkin 40 years ago. Spaffer can't even do this, with his BL, because as the witch would say, he's frit, 17 plus stone of prime jellyfish.

He, and other gimps like Andy Street, WM mayor, and of course self-interested Speth, other directors at JLR, who know no one else will employ them on their ridiculous £500k-1m+ salaries, plus bonuses for 'stunning' (fraudulent) performance, will keep this going as long as possible.

Renault is dealing with its crisis - slash and burn. JLR and the UK is dealing with its by the usual UK/British way - lie, mass cover up and pretend, and get the media to tell the plebs 180 of the truth and reality, safe in the knowledge they're too idle and couldn't care less to do anything about it, like riot, or stretch a few necks of the 'elite'.
 

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Geely, which Tata, 'top' financial analysts, and 'serious' rags from Bombay to NYC via London said was about to buy JLR, last year, is actually after another jewel in the crown, a real one:


Li Shufu already has his UK jewels - Lotus and London Taxis(/vans) - and doesn't need a paste version.

Tata and its paid-off lackeys in the media and finance have run out of names to say are buying/have bought JLR/Tata Motors car business.

Maybe 'Kill Bill' Billy Gates might buy it, as it's thee car company for Pandemic times - no one wants to touch its wares, as shown by sales.
 

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To bring this right back to the subject of this forum, the XF, the 18 months younger 5-Series(G30) will get its facelift/'LCI' next week, and still no sign of the XF's. Looks good, and notice the PHEV, with MSport badging.

JLR is right out of PHEVs - a tiny number of almost irrelevant Full-fats and Sports, being murdered by the Cayenne, BMW X5 etc plug-ins - and seems in no hurry to get back to work and make the Evoque/DSport PHEV, and of course no Jaguar PHEVs at all.

The Volvo CEO has just said that post The Thing will be all about non-ICE, a field day for EV.

Germany is apparently doing €4k economy stimulus for purchase of BEVs and PHEVs, and only €1.5k to ICEs - to be matched by the maker for €3k.

JLR is the least able to take advantage of this relative PHEV/BEV boom, incentivisation.

Nothing really changes. The XF is now where Rover Group in the late 80s/early 90s was with the rather garbage '800' model, whose only saving grace had been the top-spec Honda V6 engine.

That car looked a joke against the newly introduced, 1988, genuinely all-new 'E34' BMW 5-Series, its supposed direct competitor, plus of course the famous 'W124' Mercedes, and the aging but still good 'C3' Audi 100.

The XF doesn't even have the saving grace of an outstanding engine - the VTEC from Honda.

The 800 was the 'high point' of Austin Rover's and then Rover Group's slow but accelerating death, caused by world's worst management and shoestring budgets, with only Honda's engineering doing the heavy lifting, keeping it barely afloat, and then along came the vulture British Aerospace.

The 800 and similar garbage from AR/Rover Group were only saved by the madness of BMW's purchase.

Lightning doesn't strike twice, and there's no buyer to take JLR off Tata's hands for multiples of the purchase price, as BMW did for BAe.

The XF now looks as sad and in wanting of being put down as the 800/Sterling did, back in the 80s/90s, and more. Look at the awful for the time 800's production figures, which the XF now can only dream of - Castle Brom more shut than open over the last 2-3 years:

Production figures
Rover 800 production peaked in 1987, its first full year, but had dipped sharply by 1991 as a result of the recession and the fact that it was being replaced by a facelifted model towards the end of the year. By 1998, yearly production figures had fallen to just over a tenth of its 1987 peak.


198615,609
198754,434
198848,634
198935,387
199029,460
1991 (pre-facelift)10,007
1991 (post-facelift)2,961
199228,136
199328,354
199421,802
199513,311
199611,400
199711,131
19986,500
317,306 were built in total


There's no BMW-engineered and massively invested in Rover 75 equivalent waiting in the wings to take over from the 2015- XF, never mind a new car that might, could challenge the mighty LCI'd G30 5-Series.

50081
50082
50083
 

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Pendragon and Lookers rode the 'stunning success JLR' wave circa 2011-2016, and now are fighting to avoid being fingered, having their collars felt in the largest fraud in UK commercial history - 'stunning success JLR' and all its associates, co-conspirators:

Car dealer Pendragon confirmed on Monday that it did approach rival Lookers about a potential merger but said early talks have now ended.

"Both companies are highly operationally and financially geared with pension deficits. Pendragon was loss-making in FY19 and Lookers barely profitable and is yet to publish its results due to an ongoing fraud investigation, as well as an FCA investigation," the broker said.

If Lookers re-structures standby for lots of Mercs in the auction system.

- the beancounter who made this comment in Pistonheads is suggesting that Mercedes is a key or thee part of Lookers' dodgy business practices, but fails to tell the other PH zombies that ex-Lookers CEO, Andy Bruce, left 'under a cloud', due overwhlmingly to all the £millions he pocketed in bonuses for punting out tens of thousands of Range Rovers, and not a few Jags from his flagship 'Dual Arch' stores, which were mainly non-sales, pre-regs, sweetheart deals/kickbacks between Andy and his former employer JLR, which then broke the back of Lookers, when it came time to actually sell these 'stunners', for 20, 30, 40% off rrp.

And like JLR, these 'blue chip' UK car dealership groups, like Pendragon and Lookers, ran deliberate pension deficits, to maximise director performance bonuses and shareholder dividends, and hence the share price, which would be fraud/theft in most other normal countries, which will have to be bailed out by the taxpayer when, not if, these fraud companies fall over, as will JLR's no doubt multi-billion pension 'deficit'/theft, just like Tata's other UK operation, the pensions-plundered Tata Steel.
 

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Ah, so that's where all those record 'sales' of the F-type went - outselling Porsche in Germany at the height of Lockdown, April 2020 - 'it's a mriacle!':

50084


- Hertz bust.

Lucky old JLR(/Tata), having the so-rich UK taxpayer to fund giving hundreds of the F-type alone away each month for next to nothing/nothing to rental and leasing firms.

It's only money, right, and the nice old Bank of England can print trillions of it, for its mates - so it's no problemo.

Of course, logically, JLR/Tata needn't bother at all with the intervening actually bothersome making of things, pretending to be a car company, and just be given ~£20bn/yr directly by the BoE/UK taxpayer.

It was in jest, Spaffer/'Big Brains' Cummings/Whitehall Oxbridge SpAds.

Some of us haven't forgotten what you scum have done - given tens of billions to foreign oligarchs, of UK taxpayers' money, a thing called treason, for which peope used to swing, even in this country, and may do again in the near future, if you scum keep up this trash.
 

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No more fancy premises for joint sales of Jaguar and Land Rover for their stunning range of products my mole tells me. That has all come to a sticky end because dealers can‘t afford it and neither can JLR now that reality has kicked in. Sir Ralf is still alive in rural Warwickshire and has been rallying the troops this week but for what is so far unclear.
 

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The boy Kleinman has the scoop again - how does he do it?


- that should keep them going till Tuesday - morning.

Were house mag scribblers Croppers, 'inside track' Hilton Holloway, Fatboy Saunders having their afternoon naps? Or does Autocar just publish 'happy pills' 'news' when it comes to 'stunning success', 'UK's biggest carmaker', '2020 is its year' JLR?

How f'ing hollow and ridiculous does that last bit sound now in particular - and yes, JLR was known to be absolutely bust pre-The Thing at the start of this year, Jan/Feb, the fake painfully obviously orchestrated 'JLR surges back on China Rebound' thing notwithstanding.

To the story, £1-2bn is neither here nor there. Add a nought - just to see them through to early autumn.

Car-making in UK, anything above shed level, is a recipe for reverse alchemy - take gold and make lead out of it no time, or pig iron in JLR's Ingenium case, with £1bn taxpayer investment.

BMW found this out two decades ago, with the financial blackhole of Rover 'volume' cars and the chaotic Longbridge, Cowley and Solihull manufacturing operations.

They poured in well over £10 billion in those 5 years or so of Rover Group ownership in today's money, plus the couple of £billion given as a dowry in cash and unsold stock to The Phoenix Four.

Carmaking and development a quarter of a century later needs exponentially more money, as the volumes required just to be a player are of the order of several millions cars per platform over a life cycle, and the cost of development for things like autonomy and Euro 7 are off the scale.

Spaffer should follow his second most beloved hero, Thatcher, and bin JLR, as she did with the crock BL.

JLR is too far gone. There's nothing saveable, either, unlike Land Rover, and to an extent, Jaguar Cars, in 1980.

The products, facilities, tech and workforce are all completely worthless, and absolutely no one needs or wants 3/4 car plants now.

The only thing that could be argued to have any value is the Range Rover name.

But what's a name without an organisation and structure to bring products from it?

The Chinese may have been a candidate to buy the name, but then the UK has sided with the US in openly declaring war on China, so why would it step in and save JLR/Range Rover and the UK state in its hour of need?

The only candidate is Saudi Arabia. Some prince or MBS saves the day by bunging it/the UK £10bn, and in return UK steps up supplies of Typhoons or 'training' of its forces - boots on the ground/SAS etc in Yemen.

It's over. Let's stop messing about.

Spaffer will dither, do neither, save it properly, or close it/kill it, as Thatcher did effectively.

He'll hand Speth his £1-2bn, which will get Speth to his bus pass, and leave the ticking time bomb for the next CEO and probable next prime minister after the summer recess - some say Gove - god help us - old crackhead.

The Thing has provided cover and scapegoated blame for JLR's (official) collapse and bankruptcy, as I said it would.

That's the easy bit, What comes next? 10,000 job losses, saved by the Saudis, ...god knows.

The deceit and nonsense, the game-playing by the scum media has run out. Time for the grown ups to take over, and hard decisions to be made.
 

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As predicted. How do you spell JLR? E N R O N - ON - S T I L T S:

Other UK-based suppliers to JLR also say they have faced payment delays and have been warned on further potential cutbacks.
Told you. They've pushed 30/60 days payments to suppliers for goods already received to probably 90/120 days, or even an 'I owe you', signed by the Bank of Hong Kong, or in this case, Bombay.

This is what triggered the recent '£500m investment' in Aston Martin. Suppliers were threatening to withhold any more production part deliveries, and development partners were probably thinking about going in and taking back their work, kit and machinery. Spaffer's mate, Lord Bamford, saved the day, with Stroll chipping in an almost literal fiver, and the media doing the heavy lifting of conning these suppliers that the ship had been righted - keep supplying.

This is what happens when a business is already bust, insolvent, cash run out, Finance sending out diktats to start flogging everything, all spending above 5p to be signed off personally by the finance director/CEO, all payments stopped, suppliers effectively bilked.

This is a sideshow really. The biggie is the pension fund. If the likes of Lookers and Pendragon have stolen up to around £100m out of their workers', you can bet JLR/Tata have replaced several £billion with a plastic token and an 'I owe you' from the Bombay bank manager - redeemable not before 2120.

It's all about PR now, how the 'optics' will look with the Pleberati, when the news is broken to these BBC, MSM-watching adherents that the most successful, world-beating thing ever is light £10-20bn in the kitty, ...and no one knows where it's gone, or who took it - but lessons will be learned!, to stop it happening going forwards.
 

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Wasn’t it stated quite recently that JLR had £3.6bn and had access to up to £1.9bn in credit. ?
 

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Car magazine, Phil McNamara the editor I think, wrote in a major feature on Jaguar, a 'deep dive' on its forward product plan, in 2014, that: 'Jaguar(JLR) is readying its "Bentley Fighter", the expected for 2017 X351's replacement.

Those were the heady days of JLR, and its media partner(in-crime), taking on the world, the Germans, pseudo Brits like Bentley, and giving them all a damn good thrashing, with 'Fighter' this, 'Killer' that, more world-beaters than you could shake a stick at.

Scroll forward six years, to the day JLR+HM Govt slip out on a Saturday - buried by you know what story, deliberately - that JLR is massively bust, not so much 'killing' and 'fighting' all-comers, but just fighting to stay alive, and "The Bentley Fighter", the 2009- XJ's replacement, has not only not appeared, 3 years on from the planned date, and not likely before mid 2021 at the earliest, if never, but 'Bentley', cough Porsche/VAG, are now knocking out a completely standard four door, XJ-plus size saloon that hits over 200 mph, easily - 202.5 mph(326 km/h) to be precise, faster than anything 'sporting', 2 doors, SVO or otherwise that Jaguar or JLR produces.

The point is, JLR, under Tata, stopped around 2013/14, at the latest, while the world, especially a stung VAG/Porsche, smashed the throttle to the floor, zooming away, exploiting its/their massive in-built technical reserves and capacity, to make amazing products like the new Flying Spur(/Porsche Panamera), recalling the late 1920s and '30s, the struggle for speed, power and technical brilliance of Auto Union and Mercedes, which was on a completely different plane to the rest of the world, until WWII cut it all short.

 

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Wasn’t it stated quite recently that JLR had £3.6bn and had access to up to £1.9bn in credit. ?
- good point.

Maybe Ralf lost it down the back of the sofa in Henley-in-Arden. Or maybe it didn't exist - the '£3.6bn cash reserves'. Maybe it was a fib, the 'Big 4' bunged a few quid to sign off the accounts, Arthur Andersen(Enron) stylee, all to get JLR sold to Geely, Chery, PSA, BMW...

Maybe someone needs to call in the Fraud Squad, or SFO, or whatever acronym, silly rebranding name Plod likes to call itself these days, when it's been told to turn a deliberate blind 'un to Bombay billionaires taking UK taxpayers for £billions, plus the contents of the workers' pension fund, and when not resting their eyeballs, doing a moonlight job down Solihull way, a 'Heist', a favour shall we say for the Borough's largest, dominant employer, 'nothing too much trouble for the company that makes the lord mayor's ride('SOL 1')', after all, funny handshakes with the Chief Constable etc, and anything to help out with 'a bit of PR'/serious crime, for this 'British' company.

It's all a bit of a joke now, isn't it.
 

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Mission Accomplished.

The biggest news in UK corporate history since the de facto collapse of ~250,000 employing BL in 1980, or possibly even back to the collapse of Rolls-Royce almost a decade earlier, nearly 50 years ago, has hardly registered, not even reported at all by The Telegraph, Financial Times, and The Daily Fail, plus many others.

Yet all these, and many, many more, globally, reported on the 'huge' news this week gone of a shed outfit called 'SVO' self-reporting on sky-rocketing sales nearly half a year ago - 'we forced dealers to take 2 to 3 year old usellable cars, XE Project 8s, F-Pace SVRs etc, and called them sales' - earth-shattering global news to the most local rag, apparently.

Kleinman of Sky was deliberately given this news by the government, or rather SpAds, political operatives, not really civil servants, probably directly from No.10, maybe Slaphead Cummings personally - phoned in from Durham or Timbuktu - or his mob.

Done on a Saturday afternoon - as you do with major business news - and of course almost up with 9/11 and another, New Labour SpAd this time, who said it was 'a good day to bury bad news'- the Cummings story - and so JLR's collapse, and the Tata/Mistry billionaires actively, and fully openly now, demanding £billions from the UK taxpayer, plus blank cheque underwriting, blackmail in any other name, is not even relayed to the plebs who will be picking up the bill, and if anyone should notice, it will be explained to them as: 'we can't afford to the let this icon of British industry and Britain itself - Brenda's cars etc - fail - we stand completely behind this great 'British' company' - er, Tata have threatened to walk away if we don't pony up - we're F'ed.

Notice, nothing from JLR on April's sales, especially China's - actual business operating news.

What's really happened in the last few weeks, and had started pre-The Thing back in Jan/Feb time, was, that like Aston Martin, supppliers to JLR had started to make it plain that they wouldn't supply any more, as they weren't getting paid for what they'd already supplied, and the jungle drums were deafening all over the supply base and wider industry that JLR was about to go belly up, if not had done already, and it was being hushed up.

This is what always brings down companies in the end, even ones that are basically state operators like JLR, with an open cheque book from the Treasury/UK taxpayer.

Suppliers like Arlington/Remploy have been wrecked by JLR, through collapsing and collapsed delivery schedules, and non-payment - moving it to 60, 90, 120 days, never.

But, you can't pull that rubbish/bilking/theft with the big boys, the 'Tier 1's, the big German, Japanese, French, US suppliers, who are bigger than JLR, and who will have known what's really going on at JLR since around 2016, and will have made plans to deal with its collapse and loss of business to them, so JLR can't strong-arm them.

They will have told JLR's accounts dept., the finance director and Speth himself, if they can get through to them, that 'pay up, or no more supplies'.

That's what triggered Aston Martin's 'rescue', er, collapse, back in Feb/March, and this blackmail request for ~£2bn from Speth/Tata to Spaffer's clowns has happened because Bosch, ZF, Brose, Valeo etc have laid out plain to Speth and co. - 'money in our accounts by close of play today, or that's it'.

They can play all the PR, blanket global media stories on visors, icons, hero vehicles for hero workers, SVO's stunning performance, etc, etc, basically distorting reality by 180 degrees, but you can't change the whole world, forever, which Fake-JLR needs to do.

Bosch, ZF, Siemens etc dwarf JLR, or even the 'mighty' Tata group, and must answer to shareholders, and their giant communities of stakeholders, hundreds of thousands of direct employees, their supply bases, etc, and so will not, and can not afford to be bounced around by these clown shysters from Coventry(JLR HQ) and Bombay, with their one-trick blackmail schtick, which works on HM.gov and the brainwashed, dumbed down British people, but not serious business people.
 

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It would be very interesting to find out but I suspect that JLR will be paying their suppliers by “Factored” invoicing. This is where a Bank will take over the invoice,pay 80% of the amount and then the Bank hounds the supplier to pay on time with threats of blackballing them as a supplier if the invoice is late being paid. The supplier has to pay over the odds for this factoring service and having to adopt this method is a sure sign that a company has cash flow problems. For the passed 30 years my own company has refused to deal with suppliers who factor invoices as it is normally an early warning that the supplier is in difficulty and what normally follows is the receivers moving in. Watch this space.
 

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If the Tata Motors share price collapses at open tomorrow, by 10, 20, more than 50% percent easily - as it by rights should - we'll know that Tata has skin in the game, has been asked/told by Whitehall to pony up some cash, to window dress the giving of billions, through the front door, from bust UK taxpayers to their 100% owned JLR.

A real 1-2 billion pounds cash for Tata would be almost fatal - to the group/Sons, not the joke Tata Motors.

This 'mighty' entity is leveraged to the eyeballs, and its two main businesses, steel and autos, completely bust, so £1-2 bn would be as a margin call that could, would easily tip over this whole fake edifice.

Modi will be on tthe blower to Spaffer demanding he saves his Bombay oligarchs, and spares them putting in even five bob.

Your call, Spaffer. Save a clique of billionaires in India that have had £10-20bn already out of now looking at destitution UK (former) taxpayers, via the extraction vehicles of Tata Steel's UK ops. and JLR, and their workers pension funds, or serve the people who trusted you and voted for you, personally, not the Tories, in their tens of millions.

You're probably on the bottle today, again, or doing lots of lines with Mikey Gove, wondering how it came to this, but for once, you vile fat clown, man up, and do something right - just once - and we're not talking about sacking the bug eyed slaphead.
 

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It would be very interesting to find out but I suspect that JLR will be paying their suppliers by “Factored” invoicing. This is where a Bank will take over the invoice,pay 80% of the amount and then the Bank hounds the supplier to pay on time with threats of blackballing them as a supplier if the invoice is late being paid. The supplier has to pay over the odds for this factoring service and having to adopt this method is a sure sign that a company has cash flow problems. For the passed 30 years my own company has refused to deal with suppliers who factor invoices as it is normally an early warning that the supplier is in difficulty and what normally follows is the receivers moving in. Watch this space.
- good point, and info.

But, I think this would be the case with the small fry, up to and including the likes of the now ex- Arlington, but the ZFs, Broses,Continentals etc would not touch factoring with a barge pole, when they can raise capital/cash at much cheaper rates, by bonds, the stock market and banks, and it is these who have pulled the plug on JLR, and Aston Martin, since roughly the start of this year.

The days of BL/British motor makers crapping on small, family-owned Birmingham and Black Country bracketry, widget makers, 'metal bashers', from a great height, getting away with almost literal murder, as they would have represented 50-100% of these businesses' turnover, are gone, but old habits die hard, especially for arrogant tw*ts in JLR's buying dept., who probably think they can push around all suppliers, who should be honoured to be supplying to 'icon' JLR - supplier of vehicles to the Queen - even without getting paid.

These big European, Japanese and North American(Magna etc) suppliers gave JLR a huge amount of rope since 2016, when they first detected all was not well at JLR, whatever the public PR pronouncements to the contrary, and have hung on, and hung on, waiting to see if it had really turned a corner, maybe with the 2018 'Gamechanging' I-Pace, the Velar, 'new' XE etc, but The Thing and the now pretty obvious major flop of the latest professed Saviour, the 'New Defender', 'Icon', 'Hero vehicle for NHS Heroes', was the final straw for them, and the signal to put JLR on basically 'Cash on Delivery', zero-trust terms.

This I believe is what they did around Easter time, to JLR.

Speth has been totally absent, zero profile, running a day to day car business these last 6 weeks or so. Now we know where he's been and what he's been up to, I think, and as I speculated - he's been 24/7 begging/demanding/threatening the DTI, or whatever name the business dept goes under now, for cash to keep JLR going - and hence pay those Tier 1 suppliers, to not stop supplying, and make good their accounts in deficit.

Cash talks at the end of the day.

JLR could bully, bluster and bullsh!t to the cows come, 100% backed up by the craven media scum, but it could not swerve powerful business people demanding, fully rightly, their money.
 

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We are not supplers to JLR because the focus of our business has changed since 1988 but proir to that we supplied the BL / Rover group all over the empire. When they ran into difficulties and stalled on paying some hefty invoices our accountant put a winding up order on them and it had the desired effect and we got paid ! Perhaps some company accountant should do the same with JLR now which might bring the inevitable to a head a little quicker!
 

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While JLR does an uncanny redux of BL 40 years ago, but with Speth doing a pitiful Sir Michael Edwardes, the rest of the world, real businesses, don't stand still to gawp, 'rubbernecking' the massive smash up on the opposing carriageway:

50091


- that's Mercedes' just announced new mild-hybrid version of their not very old itself, 2016 intro'ed, 4-cylinder diesel, 'OM654', which is now fully 'bells and whistles', with a very expensive 'ISG', integrated starter generator, not the cheaper starter belt, an electric supercharger, and 48V architecture, which is launching in the facelifed E-Class, which is already in production, with first deliveries June/July.

Just look at the spec of that thing - the world's first mild-hybrid diesel with ISG.

It's probably more powerful - 286PS with electric boost - in reality than JLR's now 15 years old+ V6 diesel, dating from the PSA/Ford days, and certainly low-speed torque - 730 Nm in total! - thanks to the EQ boost, from zero revs.

Look at the injection pressure - 2,700 bar - wow!

That engine will be almost certainly already Euro 7 compliant - designed in.

An awesome engine - the power and torque of a 3-litre six cylinder, with real-world 45-55 mpg, and almost zero NOx emission - Fantastic!

This is the competiton - BMW and VAG will be doing something similar, bank on it - about 25 years ahead of JLR and its engines, or where Austin-Rover/Rover Group, and Jaguar Cars were before Ford and BMW tried to drag them out of the Dark Ages, with for instance the notorious taxpayer paid for WWII machine tools at the shadow factory of Browns Lane 50 years later, when Ford took over.

I don't care how much 'character' or 'specialness' UK/US journos are paid to say Jaguars and Land Rovers have over the 'fugly, dull... ' etc German competition, when they are powered by stuff out of Noah's Ark. That same crap was tried by John Egan for a few years in the '80s, and ran into the buffers of reality before a decade was up - abortions like XJ40 up against the tank-built S-class and new 'E32' 7-Series.

That ISG 4-cylinder diesel by Mercedes would use up the £1-2bn Speth is begging for this weekend alone. It shows the extent of JLR's problem - as I've said for 2 years+ here, it need tens of billions, not a couple of billion, and even then, it can't buy time, when the competition is already 5, 10, or 20+ years ahead in this case.

It's OVER.

Google translate this German write-up on this new engine, and new 'FAME' family of engines, and the further developed in-house 9-speed auto gearbox, from Mercedes, for all the details:


- the also new, petrol, 4-cylinder, 2-litres capacity, version, 'M254', with ISG:

50090
 

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Now seemingly officially 'iconic', as in 'Iconic JLR Ltd', Coventry, England. Jesus wept.

'Jaguar Land Rover in rescue talks after sales collapse

The iconic car manufacturer is reportedly seeking more than £1bn of support'


- the Telegraph kid scribblers, bound to be 'mummy and and daddy got me this super job' know absolutely nothing about anything types, finally get their ar$es in gear, 24 hours on - probably too busy looking at bluebells like Big Brain, or doing blow all weekend.

Readers' comments are always more interesting and informative than the standard line by these media 'news' reports -'JLR done for by The Thing, nothing else, scout's honour'.

Spaffer seems to have one or two trifling things on his plate this afternoon, besides the white powder, the crate of Bollie, and half a suckling pig.

Good luck, fat boy, you wanted the job, now f'ing do it.
 
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