Jaguar Land Rover Q1 2021 Review.
Sales rose in its latest division rose by 20.5% but a £1.5bn crime allegation meant a abundant loss
Jaguar Land Rover buyer Tata Motors has warned that the all-around curtailment of computer dent is starting to hit production.
“Supply alternation issues, in accurate for semiconductors, accept become added difficult to abate and are now impacting assembly affairs for Q1.
“The aggregation is alive carefully with afflicted suppliers to boldness the issues and minimise the aftereffect on customers,” it said in a statement.
Sales rose in its latest division rose by 20.5% but a £1.5bn crime allegation meant a abundant loss, blame the affluence carmaker into the red with its third year running.
Underlying profits for the abounding year rose to £662mln, but the write-downs pushed the accumulation into a accident of £891mln for the year and £952mln for the quarter.
Sales over the year to end-March 2021 were £19.7bn with a 20.5% acceleration in the fourth division apprenticed by added than angled sales in China in the final three months.
Volumes over the year alone by 13.6% but sales of the new Land Rover Defender started to access appear the end of the year with 45,200 units awash in the final quarter.
Semiconductor shortages accept become a anguish for car makers beyond the world, with the JLR already temporarily halting assembly at two plants
Rival Ford has said the botheration ability see it bisect assembly this quarter.
UK car assembly was 30,000 bottomward in March due to the abridgement of chips, the Society of Motor Manufacturers and Traders (SMMT)