London Daily

Focus on the big picture.
Thursday, Oct 09, 2025

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
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
×