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India's Tata Motors Q3 net profit halves

February 14, 2013 15:02
India's top vehicle maker Tata Motors said Thursday its net profit had halved -- its first such decline in fifteen months -- as domestic demand for cars slowed and competition increased. The company said its global operations, including Jaguar and Land Rover, showed that consolidated net profit for the three months to December halved to 16.2 billion rupees ($294 million), from 34.06 billion rupees a year earlier. This was much lower than the consensus market forecasts of 28 billion rupees.

India's Tata Motors Q3 net profit halves

February 14, 2013 15:02
India's top vehicle maker Tata Motors said Thursday its net profit had halved -- its first such decline in fifteen months -- as domestic demand for cars slowed and competition increased. The company said its global operations, including Jaguar and Land Rover, showed that consolidated net profit for the three months to December halved to 16.2 billion rupees ($294 million), from 34.06 billion rupees a year earlier. This was much lower than the consensus market forecasts of 28 billion rupees.

REFILE-UPDATE 1-Tata Motors Q3 profit falls as JLR cash boom shifts into reverse

February 14, 2013 07:15
* Q3 net down 52 pct at $303 mln, lags estimates * JLR EBITDA margin falls to 14 pct * JLR has been propping up its struggling Indian parent By Henry Foy MUMBAI, Feb 14 (Reuters) - Hit by falling margins and rising capital expenditure, roaring Jaguar Land Rover (JLR) may be heading for a speed trap.

Record exports lift UK car production in 2012

January 17, 2013 08:30
LONDON, Jan 17 (Reuters) - Record exports last year lifted British car production to its highest level since 2007, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday. The largely foreign-owned car industry has been one of the few bright spots in the British economy, which needs all the help it can get to avoid a third period of contraction since the 2008 financial crisis.
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