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March 12, 2013
13:23 EDTTTMJaguar Land Rover reports 3% increase in February vehicle sales, WSJ reports
Jaguar Land Rover, a unit of Tata Motors (TM), reported a 3% increase in its February vehicle sales, the Wall Street Journal reports. Sales in China, one of its biggest markets, were down 22% due to lower working days, the company says. Reference Link
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May 27, 2015
10:14 EDTTTMAnalyst says China trend good for oil equities
China's demand for oil has been stronger than expected and the trend should be positive for oil companies' stocks, research firm Bernstein wrote in a note to investors today. WHAT'S NEW: Chinese oil imports reached a record high in April, rising 9% versus the same period a year earlier, Bernstein analyst Neil Beveridge reported. The imports have exceeded expectations and have been boosted by high gasoline demand, according to the analyst. The high gasoline demand in China, in turn, has been driven by a 50% year-over-year increase in the sales of SUVs, according to Beveridge. Analysts will respond to this trend by increasing their global oil demand estimates, he predicted. Oil prices are likely to rise in the near-term, providing a tailwind for oil equities, according to Beveridge, who identified InterOil (IOC) and China's CNOOC (CEO) as two of his favorite names in the Asian region. Other publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). WHAT'S NOTABLE: Jaguar Land Rover, owned by India's Tata Motors (TTM), is launching its Range Rover Evoque SUV in China this fiscal year, but is having trouble ramping up production of the vehicle, Forbes reported last week. PRICE ACTION: in early trading, CNOOC was flat at $162.50 and InterOil slipped fractionally to $46.58.
May 26, 2015
09:25 EDTTTMTata JLR reports FY15 retail volumes 462,209, up 6.4%
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09:23 EDTTTMTata Motors reports Q4 net 17.2B rupees vs. 39.2B rupees last year
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May 18, 2015
12:33 EDTTTMMarathon Patent unit enters into settlement agreement with Jaguar Land Rover
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