Things Are Sweet And Sour For Jaguar Land Rover

JLR has said it expects the semiconductor shortage to “continue through the next fiscal year with gradual improvements.” While the brand has suspended sales in Russia, the company has said that the country and neighboring Ukraine account for approximately 2.5% of global sales. What’s more, the carmaker also sources parts from the aforementioned countries but has said it’s “too early to say how future commodity supply and pricing could be impacted.”

Still, Jaguar Land Rover has a positive outlook for the future; strong demand has led to record-high orders that the company is yet to fulfill. Demand for the new Range Rover sits at 46,000, while orders for the fabled Defender sit at 41,000. This is only set to grow with the advent of the new Sport.

Due to the reinstatement of COVID-19 related lockdowns in China and the RR Sport production changeover, the brand is expecting limited volume improvements in the first quarter, which may result in negative EBIT (earnings before interest and tax) and cash flows.

Checkout latest world news below links :
World News || Latest News || U.S. News

Help us to become independent in PANDEMIC COVID-19. Contribute to diligent Authors.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button