Skip advert
Advertisement

Jaguar Land Rover reports £9m loss amid continued semiconductor shortage

British brands hit by global chip supply as hold-ups impact JLR’s financials

Jaguar

Jaguar Land Rover boss Theirry Bollore has said that the ongoing global shortage of semiconductor chips vital in modern cars is continuing to “constrain sales” at JLR, as the brand posted a £9m loss for the final quarter of 2021. 

It contrasts with Q4 2020, when the company announced a pre-tax profit of £439m, but the news also highlights a reduction in losses sustained over a tough year for JLR in which it posted a pre-tax loss of £302m in the second quarter of 2021. 

The company has reported that revenues are up 22 per cent compared with its difficult Q2 last year, at £4.7bn for Q3. Production volumes also increased 41 per cent. However, there remains a shortfall between the brand’s order book of around 155,000 vehicles - boosted by the arrival of the new Range Rover - and what it can actually deliver to customers given the shortage of chips. As a result, retail sales continued to decline, to just over 80,000 vehicles in Q3. 

Advertisement - Article continues below

In January the Society of Motor Manufacturers and Traders reported that UK car production fell last year to hit its lowest level since 1965.

“It was encouraging to see a positive EBIT margin and cashflow, despite chip supply constraining wholesales to 69,000 units in the quarter. It demonstrates the progress we’ve made in reducing the breakeven point,” said JLR’s chief financial officer Adrian Mardell.

CEO Bollore added: “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 global order book is at record levels and has grown an incredible 30,000 units for the new Range Rover before deliveries even start this quarter.”

Check out the latest Jaguar news and reviews here...

Skip advert
Advertisement

Find a car with the experts

Skip advert
Advertisement

Recommended

Land Rover Freelander to return in 2026, but not to the UK
New Land Rover Freelander name logo

Land Rover Freelander to return in 2026, but not to the UK

The Freelander name will be used for new range of electric cars, initially just sold in China but possibly coming here as well down the road
News
9 Jul 2025
New Jaguar GT spotted testing again looking long, low and suitably mean
Jaguar Type 00 - front 3/4

New Jaguar GT spotted testing again looking long, low and suitably mean

A close-to-production concept of the eagerly awaited EV is set be revealed later this year, before the road-going model lands in 2026
News
27 Jun 2025
Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond
New cars coming soon header image

Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond

These are the most important new cars headed our way, from brands including Audi, BMW, Dacia, Ferrari, Ford, Skoda and more
Best cars & vans
23 Jun 2025
Land Rover Defender drives JLR profits to a ten year high
Land Rover Defender 110 County - cornering

Land Rover Defender drives JLR profits to a ten year high

JLR prepares for a busy year ahead with the launch of the first electric Range Rover, and the next stages of Jaguar’s rebirth
News
14 May 2025

Most Popular

New MG IM5 has the Tesla Model 3 beaten on price and range
MG IM5 - Goodwood front

New MG IM5 has the Tesla Model 3 beaten on price and range

The all-electric IM5 brings new technology and design to the MG line-up
News
10 Jul 2025
Ford Escort Mexico gets new lease of life with MST Sports
MST Ford Escort - front 3/4

Ford Escort Mexico gets new lease of life with MST Sports

While not officially Fords, the MST Mk1 and Mk2 Sports should drive as sharply as they look
News
7 Jul 2025
New Mazda CX-5 revealed with fresh looks, more space and far fewer buttons
Mazda CX-5 - front

New Mazda CX-5 revealed with fresh looks, more space and far fewer buttons

The Mazda CX-5 has been revolutionised to take on the Nissan Qashqai, Kia Sportage and Hyundai Tucson
News
10 Jul 2025