SUPPLY DELAYS PUSH JLR ANNUAL LOSSES TO £450M

Jaguar Land Rover has announced annual losses of more than £450m due to the impact on the ongoing semiconductor shortage and the resulting slow down in supply of stock, according to the Coventry Telegraph

The manufacturer has a huge forward order book and simply cannot manufacturer and deliver the vehicles at the rate demand grows.

The report added that the manufacturer recorded a £662m profit, before exceptional items, in the 12 months to March 31, 2021.

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