The turnaround at Jaguar/Land Rover is happening even faster than the company’s owner, Tata, had planned. A year ago, JLR posted a net loss of £64 million ($101M U.S.) in Q2; compare that to this year’s second quarter and its £233.8 million ($369M U.S.) net profit on 57,135 vehicles sold.
While we’re sure they aren’t complaining, the boost has left JLR in bit of a lurch: production has bottlenecked because it needs more engines from Ford, after already buying “considerably more” than it expected. Ford hasn’t offered any comment, but it is reported that the two companies are working together to figure out how to get Jaguar the powerplants it needs.
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