Jaguar Land Rover boosts revenue but chip shortage hurts profits
JLR enters the final financial quarter with £4.5bn in cash and short-term investments and notes that it has an undrawn revolving credit facility of £2bn available until July of this year, which will go down to £1.5bn through March 2024.
Retail sales fell 13.6% last quarter to 80,126 vehicles, which is a more significant 36.6% down on the same period in 2020.
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