Filed under: Plants/Manufacturing, Jaguar, Land Rover
The turnaround at Jaguar/Land Rover is happening even faster than the company’s owner, Tata, had planned. A year ago, JLR posted a net loss of £64 million ($101M U.S.) in Q2; compare that to this year’s second quarter and its £233.8 million ($369M U.S.) net profit on 57,135 vehicles sold.
While we’re sure they aren’t complaining, the boost has left JLR in bit of a lurch: production has bottlenecked because it needs more engines from Ford, after already buying “considerably more” than it expected. Ford hasn’t offered any comment, but it is reported that the two companies are working together to figure out how to get Jaguar the powerplants it needs.
Gallery: 2010 Jaguar XJ
Report: Engine shortages holding back Jaguar Land Rover sales originally appeared on Autoblog on Wed, 11 Aug 2010 16:31:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments