Skip to content
Subscriber Only

Chip Crisis Deepens With Daimler, Jaguar Warnings on Sales

  • JLR owner Tata Motors shares sink on lower wholesale volumes
  • Mercedes-Benz says second-quarter deliveries curtailed
New automobiles, manufactured by Jaguar Land Rover, parked at the Port of Southampton, U.K.

New automobiles, manufactured by Jaguar Land Rover, parked at the Port of Southampton, U.K.

Photographer: Luke MacGregor/Bloomberg
Updated on

Daimler AG and Jaguar Land Rover became the latest carmakers to warn sales will be further crimped by the global semiconductor shortage, with the latter flagging deliveries in the second quarter will be 50% worse than initially thought.

Shares in the British luxury carmaker’s Indian parent Tata Motors Ltd. slid 8.4% Tuesday in Mumbai, their biggest drop in almost three months, while Daimler, owner of Mercedes-Benz, fell 4% in Frankfurt, the biggest loss since October. Jaguar Land Rover’s euro bond due January 2026 fell the most since Dec. 11, according to Bloomberg-compiled prices.