TTM - Jaguar Land Rover halts some production due to chip shortage

Jaguar Land Rover (TTM) is the latest of a long line of automakers to halt production due to the global shortage of microchips.The automaker is suspending production for a limited period at two U.K. factories due to the issue impacting its ability to meet demand for certain models. "Like other automotive manufacturers, we are currently experiencing some COVID-19 supply chain disruption, including the global availability of semiconductors," warns Jaguar Land Rover.Earlier this year, Jaguar Land Rover said it aims to spend $3.5B annually on electric vehicles and connected car technology. Alongside a plan for the Jaguar brand to go all-electric by 2025, parent Tata plans to also invest in developing hydrogen fuel cells in anticipation of a future shift to hydrogen to power vehicles.

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Jaguar Land Rover halts some production due to chip shortage