🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

No UK port problems so far for Jaguar Land Rover

Published 2020-12-24, 02:27 a/m
© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Milton Keynes

(Reuters) - Luxury carmaker Jaguar Land Rover has not seen any impact so far from issues at UK ports, its parent Tata Motors said on Thursday, even as many countries cut transport ties with Britain due to a fast-spreading new variant of the coronavirus.

Tokyo-listed Honda Motor Co Ltd had to stop output at its British factory earlier this month because of transport-related delays that caused a shortage of parts. It resumed production about a week later.

The COVID-19 pandemic has compounded issues that were already plaguing carmakers ahead of Brexit, with the looming end to the transition period widely expected to cause delays at ports regardless of the outcome of talks on a trade deal.

Jaguar Land Rover halted production at its British factories for a week in November last year to mitigate any potential impact from a no-deal Brexit ahead of the then Oct. 31 deadline.

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Milton Keynes

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.