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Birmingham Post
Birmingham Post
Business
Jon Robinson

Jaguar Land Rover loses more than £400m as global computer chip shortage and Russia's war with Ukraine impact sales

The global computer chip shortage that forced production to be cut at Jaguar Land Rover led the automotive giant to post a loss of more than £400m for its latest financial year.

JLR has reported a pre-tax loss of £455m including an exceptional charge of £43m during its fourth quarter for its business in Russia.

That compares to the £662m profit, before exceptional items, in the 12 months to March 31, 2021.

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