JLR latest affected by aluminium shortage

AutoExec Summary
Jaguar Land Rover (JLR) has been hit by an aluminium shortage due to flooding at Swiss supplier Novelis. This disruption affects several automakers, including Audi, BMW, Ford, and Mercedes-Benz. JLR’s vehicle production is expected to decline this quarter and next. JLR CFO Richard Molyneux noted the challenge but remains optimistic about meeting financial targets, leveraging alternative sources and the Tata ecosystem. The flood at Novelis’s facilities in the Rhone Valley has severely impacted stock and machinery, delaying production restart. Novelis and Constellium are working to resume operations while updating customers on progress.

Brands mentioned: Jaguar Land Rover, Audi, BMW, Ford, Mercedes-Benz, Porsche, Stellantis, Volkswagen