The results come after industry figures last week showed UK car manufacturing at its weakest level since 1956 as a result of the chip shortage which has hit manufacturers worldwide.Įlsewhere, electric car maker Tesla has said its performance in recent quarters was held back by the lack of semiconductors and that the issue would extend into this year, even as it delivered an annual profit haul of $5.5bn. JLR has been seeking to improve its financial performance through a transformation programme which it expects to beat targets by delivering £1.4bn in savings in the current financial year.Ĭhief executive Thierry Bollore said: "Whilst semiconductor supplies have continued to constrain sales this quarter, we continue to see very strong demand for our products underlining the desirability of our vehicles." The company reported a pre-tax loss of £861m for the year to the end of March 2021, after posting a shortfall of £422m a year earlier and a record £3.6bn loss in 2019 LAND ROVER RANGE ROVER SPORT ESTATE TDV6 HSE ecu kit complete automatic, £179.00.
JAGUAR LAND ROVER TO DUE CHIP FULL
It said that "with this gradual expected improvement" it expected fourth quarter profits to improve compared with the third quarter.īut for 2021/22 to date the losses add up to £421m and if JLR is in the red again for the full year it will be the fourth annual loss in a row for the carmaker. The Land Rover Discovery, also commonly known as the 'Disco', is a series of medium to large premium SUVs, produced under the Land Rover marque, from the British manufacturer Land Rover, and later Jaguar Land Rover. Given this situation and many issues, the South China Morning Post reported this week that the chip shortage could last until 2022.Chip shortage impact to be felt through 2022 - SMMT Jaguar Land Rover (JLR) is shutting its two main car factories temporarily due to a shortage of computer chips. JLR said it is pressing pause on production at two UK plants because of a shortage of microchips, which is stemming from a worldwide shortage of semiconductors. Taiwan, where many semiconductors are made, is suffering through a water shortage because no typhoons hit the island last year (which means aquifers are low) and rainfall for the first three months of 2021 was roughly half of the normal rate. Volkswagen alone is down 100,000 vehicles for 2021, with the situation expected to worsen in the second quarter, and doesn't expect to be able to make up the difference this year.Įxactly how long this situation will last is up in the air, but it appears like there's darkness on the horizon. The consulting firm AlixPartners, cited by the Washington Post, estimated that the global auto industry will make somewhere between 1.5 million and five million fewer vehicles this year than originally expected. Here’s hoping the upside is that these unexpected variants will be quirky collector's items some day.Īlmost every automaker has been affected and forced to adjust production schedule in major ways. Sure, it’s not available in the U.S., but Stellantis said this week that instead of the digital speedometers the car was going to have, it will now be produced with analog dials as a way to save chips to use in more popular models. Obviously, the biggest issue is how many plants are pausing production-and we’re here to let you know which major vehicles have their production currently affected by the chip shortage-but let’s not forget the Peugeot 308. The semiconductor chip shortage has affected the auto industry in dramatic ways.
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