Jaguar Land Rover the latest automaker to be impaired by ongoing crisis

- Advertisement - (adsbygoogle = window.adsbygoogle || []).push({});

SOLIHULL, UK (CU)_During the first half of the 2021-22 financial year, the global chip shortage had a significant impact on luxury carmaker Jaguar Land Rover (JLR), who suffered a loss of nearly £4 billion in incremental revenues. Nevertheless, the company appeared to have bounced back from the previous downturn, on track to increase its annual volume up to 370,000 units by the end of the current fiscal year, from 84,442 and 64,032 units in the first and second quarters.

Unfortunately, the improvements may be short-lived, as…

Hot this week

Barbados Joins International Effort to Address Global Wealth Gaps

Barbados has joined an international coalition seeking to establish...

DRC Ebola Funding Concerns Highlight Public Health Risks for Commonwealth Countries

According to the Associated Press, international donors have disbursed...

UK Housing Market Sees Decade-High Supply as Prices Remain Under Pressure

The housing market in the United Kingdom is experiencing...

Why Big Investors in India Are Moving from Homes to Offices, Warehouses and Data Centres

The US$85.5 billion figure quantifies India's property market and...

What Happens When Microplastics Meet Water? Scientists Find a Potential Health Risk

We often hear that plastic is chemically inert. That...
- Advertisement - (adsbygoogle = window.adsbygoogle || []).push({});

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories