London Daily

Focus on the big picture.
Saturday, Sep 19, 2026

Jaguar Land Rover chalks up fresh £9m loss and sees chip shortages extending throughout 2022

Jaguar Land Rover chalks up fresh £9m loss and sees chip shortages extending throughout 2022

The car maker has accumulated losses totalling £421m for the first three quarters of the financial year, to add to three annual loss-making years in a row - but now expects to see the chip shortage "gradually improve".

Jaguar Land Rover, Britain's biggest car maker, has spluttered to a further quarterly loss due to ongoing chip shortages and said the problems would persist for the rest of 2022.

But JLR said the situation had "improved somewhat" from the previous quarter, which was hit by one-off factors such as COVID-19 outbreaks in south east Asia.

The £9m third quarter loss follows a £302m shortfall in the second quarter and first quarter that was £110m in the red.

JLR said 69% of vehicles sold were electric or hybrid


It compares with a profit of £439m reported in the third quarter a year earlier.

JLR said that while production and sales remained "significantly constrained by semiconductor shortages", it continued to see strong demand with global retail orders at record levels.

Revenues of £4.72bn in the third quarter were £1.27bn lower than in 2020 with retail sales of 80,126 down by 38% and wholesales to dealers 33% lower at 69,182.

Meanwhile, its mix of electric and hybrid vehicle sales has risen to 69%, up from 53% in the same period in 2020.

The company, owned by India's Tata Motors, said: "The semiconductor shortage is expected to continue through 2022 but is expected to gradually improve as capacity increases."

JLR also said it was engaging with suppliers to try to secure components on the longer term.

It said that "with this gradual expected improvement" it expected fourth quarter profits to improve compared with the third quarter.

But 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 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

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.

Chief 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 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.

Elsewhere, 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.

Outside the car sector, Apple swallowed a $6bn blow to sales as a result of the shortages over the Christmas quarter but still managed to top Wall Street forecasts with record sales of $124bn.

Newsletter

Related Articles

0:00
0:00
Close
Addison Lee Founder Loses £20.5 Million Non-Domicile Tax Case
BrewDog Creditors Face Heavy Losses After Collapse
Thirteenth Metropolitan Police Officer Dismissed Over Charing Cross Conduct
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Accommodation Plan
NHS Approves Life-Extending Treatment for Women With Incurable Breast Cancer
Software Defect Blamed for Major UK Air Traffic Disruption
Twenty Women Underwent Unnecessary Mastectomies at County Durham NHS Trust
British Steel Costs Taxpayers £1.3 Million a Day as MPs Demand Long-Term Plan
UK Parliament Advances Sovereign Grant Reform Setting Royal Funding at £99.9 Million
King Charles Urges Human-Centred Approach to Artificial Intelligence at Scotland Summit
House of Lords Begins Scrutiny of Voting-Age and Political Finance Reforms
UK Labour Market Shows Growing Divide Between Younger and Older Workers
Nearly Seven in 10 UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
Andy Burnham Reaffirms UK Net-Zero Target Amid North Sea Energy Debate
UK Parliament Demands Credible Financial and Decarbonisation Plan for British Steel
MPs Urge Government to Reject Thames Water Rescue Deal and Prepare Special Administration
Bank of England Holds Rate at 3.75% as Energy Shock Raises Inflation Risks
TUC Calls for Social Energy Tariff Funded by Higher Taxes on Bank Profits
UK Parliament Enters Conference Recess After Advancing Sovereign Grant Legislation
King Charles Hosts Artificial Intelligence Leaders at Dumfries House Summit
Nearly Seven in Ten UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
Anthropic Details Malicious Use of Claude in Cyber, Weapons and Influence Operations
McLaren Announces £500 Million UK Investment and 1,000 New Jobs
Scotland and Wales Sign Cardiff Agreement to Deepen Cooperation on Shared Policy Priorities
UK Government Moves to Fully Fund Teacher Pay Award as Strike Threat Recedes
UK Competition Regulator Deepens Scrutiny of Microsoft’s Business Software and AI Market Position
NHS England Reforms Focus on Cutting Waiting Lists and Improving Digital Care
England Maintains Mandatory Housing Targets in Push for 1.5 Million New Homes
UK Government Plans Statutory Industrial Strategy Council to Strengthen Long-Term Economic Policy
Asthma Charity Warns of Major Gaps in Childhood Diagnostic Testing Across England
TUC Chief Paul Nowak Appointed to Bank of England Court
Bristol Opens £35 Million Deep-Tech Innovation Hub at Temple Quarter
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Housing Plan
Andy Burnham Deepens UK Defense and AI Cooperation With NATO and Canada
UK Government Announces Neonatal Safety Reforms After Thirlwall Inquiry
Bank of England Weighs Rate Decision as UK Inflation Rises to 3.1%
UK Health Unions Warn of Staffing Pressures as Public and Private Pay Growth Diverges
Rockstar Games Faces Tribunal Claims From 23 Former Grand Theft Auto VI Developers
UK Treasury Faces Tighter Budget Constraints as Borrowing Costs and Pension Spending Rise
Prime Minister Andy Burnham Sets Out Ten-Year Plan for Greater Public Oversight of Utilities
UK Economy Grows 0.4% in July as Services and Technology Activity Strengthen
Scotland, Wales and Northern Ireland Leaders Coordinate Push for UK Constitutional Change
Police Tighten Public-Order Measures After Anti-Immigration Protests in Dover and Portsmouth
UK Ministers Pressed for Answers After US Diplomat Accused of Child Abuse Images Leaves Britain
Jaguar Land Rover Pursues NATO Defense Contracts for Defender Vehicles
British Service Member Dies in Road Accident While Deployed in Ukraine
George Osborne Calls for Britain to Rejoin EU Customs Union
Anthropic Chief Dario Amodei Urges Faster UK Action on Advanced AI Risks
UK State Pension Set for 3.9% Rise Under Triple Lock
UK Labour Market Cools as Payrolled Employment Continues to Decline
×