Currently reading: Jaguar Land Rover blames chip shortage for £455m loss in 2021
Semiconductor shortage throttles JLR output, but order books at record levels and improvement expected

Jaguar Land Rover has posted a pre-tax loss of £455 million in its latest financial year report, laying bare the effects of the semiconductor shortage.

That figure includes a £43m exceptional charge relating to the firm's operations in Russia, where the firm paused sales in March in the wake of the country's invasion of Ukraine.  

Revenue for the year was down 7% year-on-year to £18.3 billion as a result of the firm's output being throttled by a lack of the crucial computing chips.

Last year, by contrast, Jaguar Land Rover posted a £662m overall profit, but around £1.5bn

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