Conscious Investing Today
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
Conscious Investing Today
No Result
View All Result
Home Editor's Pick

Jaguar Land Rover stops work at English sites over semiconductor shortage

by
April 23, 2021
in Editor's Pick, Stock Analysis
0
Jaguar Land Rover stops work at English sites over semiconductor shortage
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Jaguar Land Rover

Jaguar Land Rover has suspended production at two of its three car manufacturing sites as a worldwide shortage of computer chips forces the global automotive industry to slam on the brakes.

Thousands of workers at the Halewood plant on Merseyside and the main Jaguar factory at Castle Bromwich in the West Midlands are to be stood down from Monday for an unknown amount of time.

Carmakers have been competing with other electronics producers to secure supplies of semiconductors as they race to recover from last year’s pandemic-induced production shortfalls.

During lockdowns, global production of semiconductors — vital components for computer and high-voltage electrical systems — was diverted to smartphones, tablets, personal computers and gaming devices that were in huge demand.

As carmakers restarted production, they found that the burgeoning Chinese automotive sector, which has emerged from the pandemic faster than the rest of the world, had bought up much of the available stock.

The semiconductor industry, which has been dealing with its own pandemic-related issues, has been unable to meet the demand. This was exacerbated by one-off situations such as a harsh cold snap in Texas halting the work of a key supplier.

Semiconductor manufacturers have been warning that demand will outstrip supply for some time to come, with sources suggesting that the dislocation in the market could take two years to settle down.

In addition, there is changing demand from an automotive industry that is producing more electric cars as well as increasing the number of autonomous features within vehicles. Cars are also expected to connect with increasing “infotainment” features, which has led some to call modern vehicles “smartphones on wheels”.

There is barely a global car, van or lorry manufacturer that has not raised the alarm over semiconductor shortages. Jaguar Land Rover said: “Like other automotive manufacturers, we are experiencing some Covid-19 supply chain disruption, including the global availability of semiconductors, which is having an impact on our production schedules and our ability to meet global demand for some of our vehicles.

“As a result, we have adjusted production schedules for certain vehicles which means that our Castle Bromwich and Halewood manufacturing plants will be operating a limited period of non-production from Monday April 26. Manufacturing continues at our Solihull plant.”

Solihull is the group’s largest production facility, predominantly manufacturing its best-selling Range Rovers.

ADVERTISEMENT

The statement continued: “We are working closely with affected suppliers to resolve the issues and minimise the impact on customer orders wherever possible.”

The shortage comes at a frustrating time for a company that is trying to put five poor years behind it. A mixture of Brexit uncertainty, its over-dependence on vehicles with unfashionable diesel engines and the pandemic have resulted in years of billion-pound losses and thousands of job cuts.

It is also a setback for the Castle Bromwich plant, which is being shut down as part of Jaguar Land Rover’s belated push to cut carbon emissions.

With plans to make the Jaguar brand all-electric — the “Tesla of the West Midlands” as some have dubbed it — production volumes, weak for some years, will be low and production is being switched to Solihull. The company is also increasingly moving production to its lower-cost plant in Slovakia.

Read more:
Jaguar Land Rover stops work at English sites over semiconductor shortage

Related Posts

How To Automate a Workflow: Step-by-Step Guide
Editor's Pick

How To Automate a Workflow: Step-by-Step Guide

June 24, 2022
Best TVs of 2022: Which should you buy?
Editor's Pick

Best TVs of 2022: Which should you buy?

June 24, 2022
Difference Between Mighty Plus Vaporizer and Pax 3 Vaporizer
Editor's Pick

Difference Between Mighty Plus Vaporizer and Pax 3 Vaporizer

June 24, 2022
Next Post
Covid costs push government borrowing to highest level since WW2

Covid costs push government borrowing to highest level since WW2

Largest jump in businesses facing ‘significant financial distress’ since 2014

Largest jump in businesses facing ‘significant financial distress’ since 2014

Manufacturing outlook sunniest since 1973 as reopening boosts prospects

Manufacturing outlook sunniest since 1973 as reopening boosts prospects

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Categories

  • Economic Indicators
  • Editor's Pick
  • Investing Ideas
  • Politics News
  • Stock Analysis

Popular News

  • A Minute With: Family Reunion cast on relatable story lines

    A Minute With: Family Reunion cast on relatable story lines

    0 shares
    Share 0 Tweet 0
  • Twitter launches ‘Milk Tea Alliance’ emoji as movement grows

    0 shares
    Share 0 Tweet 0
  • Gas and car bills to soar under green revolution

    0 shares
    Share 0 Tweet 0
  • Level up your gaming experience with vivo Y20s [G]

    0 shares
    Share 0 Tweet 0
  • Rehab, expansion of General Santos airport seen completed by Q2

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Highlights

Hamilo Coast: Nurturing nature for 15 years and beyond

Abortion ruling casts cloud over usual cheer at US Pride parades

Driving social inclusion and using Tech4Good: Globe wins in 2022 ASEAN Tech for ESG Awards

Axelum Resources Corp. to conduct annual stockholders’ meeting on July 29 via remote communication

SEC warns public vs investing in three entities

SSC outlasts Perpetual Help in 5 sets, shares second spot

Trending

G7 aims to raise $600 billion to counter China’s Belt and Road
Politics News

G7 aims to raise $600 billion to counter China’s Belt and Road

by
June 27, 2022
0

JCOMP-FREEPIK SCHLOSS ELMAU, Germany — Group of Seven (G7) leaders on Sunday pledged to raise $600 billion...

Measuring economic prospects through the growing demand for credit

Measuring economic prospects through the growing demand for credit

June 27, 2022
Why credit scores matter to financial health

Why credit scores matter to financial health

June 27, 2022
Hamilo Coast: Nurturing nature for 15 years and beyond

Hamilo Coast: Nurturing nature for 15 years and beyond

June 27, 2022
Abortion ruling casts cloud over usual cheer at US Pride parades

Abortion ruling casts cloud over usual cheer at US Pride parades

June 27, 2022

Disclaimer: ConsciousInvestingToday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 ConsciousInvestingToday. All Rights Reserved.

No Result
View All Result
  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.