Jaguar Land Rover (JLR) narrowed its losses for the three-month period to the end of September but remains unable to meet strong demand for its most profitable models due to ongoing chip shortages, the company said.
JLR lost £173 million in the quarter, compared with £302m in the same quarter in 2021, as wholesales (sales to dealers) rose 18% to 89,899 units, according to company figures.
The company is sitting on an order bank of 205,000 cars, 70% of which are for the Range Rover, Range Rover Sport and Land Rover Defender.
