![]() The firm claims it is on track to achieve £1bn in value by the end of 2022 through various cost-cutting measures. Jaguar Land Rover added that it continued to have strong liquidity with £3.8bn of cash, and said that its ongoing Refocus transformation programme is continuing to boost the company. ![]() By contrast, sales in China were down only 6.3%, suggesting the firm may have prioritised wholesale deliveries to that region. The company's sales were down year on year in most regions, although the UK was particularly badly hit with a 47.6% fall. The firm's only electric car is the Jaguar I-Pace, which accounted for 2.9% of sales. More than half of those - 54.9% - were mild hybrid, with plug-in hybrids accounting for 8.3%. Jaguar Land Rover also highlighted the growth in sales of its electrified vehicles, noting that 66% of models sold during the period were electrified. That was enough to make the off-roader the company's best-selling model in the three-month period. Sales were down for every Jaguar Land Rover model bar one: the firm sold 16,725 Land Rover Defenders, a 70.4% year-on-year increase. "The global shortage of semiconductors continued to constrain our production, sales and financial performance in the second quarter but we’re encouraged to see the continuing strong demand for our products with order books at new record levels," said finance boss Adrian Mardell. Britain’s Jaguar Land Rover announced Thursday that it has been forced to stop car production for a limited period at its Castle Bromwich and Halewood manufacturing plants in England as a result. Jaguar Land Rover said it was also taking measures "to increase the future visibility and control over semiconductor supply for our vehicles". The company believes that the chip crisis should ease by the second half of 2022, and that the high order book will help it to bounce back once production can be increased. ![]() ![]() New 2022 Land Rover Defender 130 takes on Goodwood hill.Inside the industry: Can Land Rover address the reliability woes?.Land Rover reveals £225,000, expedition-inspired classic Defender.Land Rover marks 75th anniversary with £85,995 Defender.Opinion: Nothing wrong with a luxury Land Rover Defender.“The main reason for the shortage is a significant increase in demand for semiconductors during the pandemic, partly due to increased sales of consumer tech, such as tablets and gaming hardware as well as the growing requirement for battery electric vehicles,” he said. Renault also announced on Thursday that its sales had been impacted by the parts shortage while Honda has previously said it’s experiencing production delays.ĭominic Tribe, director at management consultancy, Vendigital, said competition among manufacturers for supplies of semiconductors is intense. The shutdown is expected to last a week and JLR said it would continue to monitor the situation, adding: “Like other automotive manufacturers, we are currently experiencing some Covid-19 supply chain disruption, including the global availability of semi-conductors, which is having an impact on our production schedules and our ability to meet global demand for some of our vehicles.” Production schedules for some vehicles have been changed and the company said it was working with affected suppliers to resolve the issues and minimise the impact on customer orders. JLR said that it had been hit by the supply problems and was struggling to meet demand for its vehicles. Sony and Microsoft have warned of continued shortages of their PlayStation and Xbox consoles stretching beyond the end of this year. Supply has ramped up again to pre-pandemic levels but companies are expecting a prolonged period where demand exceeds supply. ![]()
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