Back in August there were two huge explosions in Tianjin, China. It actually was picked up by seismic instruments (2.3 magnitude for the first, and 2.9 for the second). Unfortunately for Jaguar the explosions happened to acres of storage and facilities that were partly used by JLR (as well as Renault and Volkswagen). And that is going to have an impact on JLR's earnings.
(Watch the videos of the explosions if you haven't before. It's crazy!)"Given the exceptional nature of this event, Jaguar Land Rover is still assessing the damages and it may be some time before the company knows what insurance and other recoveries will be. In these circumstances, there is likely to be a one-time exceptional charge in Q2 FY16 before any potential recoveries in subsequent quarters," the company said in a release detailing global sales figures for September.