Jaguar Land Rover has confirmed it lost £3.6 billion ($6.7 billion) in the financial year ending 31 March 2019.
JLR says its turnaround program, dubbed Charge, will drive it to at least $3.18 billion (£2.5 billion) of investment, working capital and profit improvements by March 2020, and that it now has $4.84 billion (£3.8 billion) of cash.
JLR was also optimistic about unit sales in the United Kingdom and in north America, which jumped 8.4 per cent and 8.1 per cent respectively during the year.
But on a quarterly basis JLR's ability to turn a profit will likely cheer investors, many of whom will have been expecting a fourth-straight loss for this financial year.
The result was ahead of the 3.38 billion rupees average of 10 analyst estimates compiled by Refinitiv IBES, but was still lower than 21.25 billion rupees a year earlier.
NASA Fires Up 'Astrobee' Space Station Robots
The Astrobee system was designed and built at NASA's Ames Research Center in Silicon Valley specifically for use aboard the ISS. These robots will come in handy during the space agency's lunar missions and other deep space missions.
India's Modi set to win election, exit polls show
Many people lined up at a polling station in the northern city of Varanasi , which is represented by Prime Minister Narendra Modi. Spherical 900 million Indians are eligible to vote in the seven-share election, with vote counting to begin up on Thursday.
He further added, "In JLR, we continue to face challenges in China which we are addressing on priority".
So far the vehicle giant has spent more than £149 million on redundancy costs. The unit brings in most of Tata's revenue. He is being replaced by his former deputy Adrian Mundell, 57, who was appointed Jaguar Land Rover's cost-cutter-in-chief as the company's transformation director.
Speth said that restructuring programme has already resulted in £1.25 billion of efficiencies, and made the firm "one of the first companies in its sector to address the multiple headwinds simultaneously sweeping the automotive industry".
JLR's CEO Ralf Speth stated that the company is "reducing complexity" and transforming its business by cost savings and cash flow improvements, citing the fourth-quarter profits as an example of the ongoing turnaround.
"We will go forward as a transformed company that is leaner and fitter, building on the sustained investment of recent years in new products and the autonomous, connected, electric and shared technologies that will drive future demand".
As always, if you haven't seen the most recent Game of Thrones episode, consider this to be your spoiler alert warning. Clarke told Entertainment Weekly about the moment in October 2017 when she found out about her character's fate.
Even setting a date for his inauguration took weeks of negotiations, with Zelensky exasperatedly calling lawmakers "petty crooks". Flanked by four bodyguards, he was giving high-fives to some spectators and even stopped to take a selfie with one of them.
He bought it back in January 2018 to run it under the Laudamotion brand, only to sell it quickly to Irishbudget carrier Ryanair. Trapped in his burning vehicle , he was pulled from the wreckage but suffered severe burns and damage to his lungs.
Ivey, a Republican, has been criticized for her recent signing of the state's new strict abortion law. Mr Trump claims Democrats support abortion on demand, including ending pregnancies late in the term.
The 23-year-old actress, who plays Sansa Stark on the show, broke her silence over the petition and deemed it " disrespectful ". Several stars of Game of Thrones took to social media this weekend to mark the end of their beloved medieval fantasy drama.
Beijing has built artificial islands and military installations in the South China Sea, including on the Spratlys. Brunei, Indonesia, Malaysia, the Philippines, Taiwan and Vietnam have competing claims in the region .
However, the market has been rallying for the last two days and it has factored the information to some extent. The sources declined to be identified as they are not authorized to speak about the meeting.
Early elections are needed after the resignation of Vice-Chancellor Heinz-Kristen Strache of the Freedom Party of Austria (FPA). The chancellor said he expected the coalition government to continue its activities until the election took place.
Apparently, managers had "to calm workers and assure" them on its plans for the next-gen PlayStation after the news came out. Not so much, however, if the company is paying hefty licensing fees to its main competitor at the same time.
Game Of Thrones' Series Finale Broke A Huge HBO Record
As reported by Variety , Across HBO, HBO Go, and HBO NOW, the conclusion of the megahit fantasy series drew 19.3 million viewers. The show was a victor for Foxtel, with the show averaging over 1m viewers for each of the six episodes in the final season.
Ric Flair recovering from surgery after surviving health scare
The 16-time world champion was supposed to have surgery last Friday, but it was postponed until Monday because of "complications". "Thank you to everyone for all your prayers and support during this hard time", Flair's wife Wendy Barlow told People magazine .
Tyga Was Once Married to Tristan Thompson’s Baby Mama
We bring you the latest celebrity news about Justin Bieber, Kylie Jenner , Selena Gomez, Kardashians, and much more, every day. She added: "Me knowing I could survive that, I would rather experience those moments of greatness than never experience it".
JOHN WICK 4 Gets A 2021 Release Date
Not only is John Wick skilled at killing people, his movies have also become increasingly better at killing it at the box office. Reeves' character returns with a $14 million price tag on his head and an army of bounty-hunting killers on his trail.
S.Korea to give $8 million in aid to N.Korea
North Korea has said it is facing historic droughts and aid agencies have warned of possible food shortages. The North previously reported it was experiencing its "worst drought in 100 years" in June 2015.
Xiaomi launches Redmi Note 7S in India starting at Rs 10,999
Thanks to the similar hardware, the performance of the Redmi Note 7S should be similar to that of the existing Redmi Note 7 . Up-front, the Redmi Note 7S will also retain the "Dot" notch , which is basically Xiaomi's branding for the waterdrop notch.
Nigel Farage hit by milkshake during walkabout
The European elections are taking place across the EU on 23 May and the Brexit Party is expected to do extremely well. Mr Crowther said: "I didn't know he [Mr Farage] was in town, I thought this is my only chance".
American Idol Season 17 Just Announced Its Big Winner
As the victor , Hardy will also be invited to perform at a number of Disney events, including June's ARDYs awards show. During the show's first nine seasons, according to the New York Times , no victor had received less than $1 million.
Eiffel Tower closed down after intruder tries to climb up
The Eiffel Tower in Paris has been evacuated after a man was caught climbing up the 324 meters (1,063 ft) tall French landmark. In October 2017, the tower also was evacuated after a man ventured out onto one of the beams and threatened to commit suicide.