Land Rover downgrades forecast on global chip shortage

[lordturpin]

Jaguar Land Rover has lowered its forecast for deliveries to car dealers as the global chip shortage has hit the luxury motor manufacturer more than it expected. The company said on Tuesday that chip shortages would be worse than anticipated in the second quarter of its financial year, but that the situation would improve in the second half.

“We now expect chip supply shortages in the second quarter ended 30 September 2021 to be greater than in the first quarter, potentially resulting in wholesale volumes about 50 per cent lower than planned,” the carmaker said in a statement on Tuesday.

A lot more of these warnings are coming, looks like its a larger shortage issue than many thought or we were led to believe - many delivery dates will be pushed back i assume...