Jaguar Land Rover Turns A Profit In Q3 Of 2022 | Carscoops carscoops ⚠️
The final three months of 2022 were positive for Jaguar Land Rover , which finally found its way back into profits after months of difficulties related to semiconductor chip shortages that crippled its production capacity.has returned to profit as chip shortages eased in the quarter and production and wholesales increased,” said Adrian Mardell, JLR’s interim CEO.
The automaker reported today that it made £265 million in profits before tax in the third calendar quarter of 2022. That compares extremely favorably to the same period in 2021 when the automaker reported a loss of £9 million .Jaguar Land Rover claims that the increased profitability was thanks to increased wholesale volumes with more expensive vehicles. Indeed, it performed better in terms of wholesaling in North America, the U.K., and what it calls “overseas” markets.
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