Jaguar Land Rover to cut production at its UK factories until spring reported The Guardian citing sources. The carmaker has reportedly decided to cut production at factories in Solihull & Halewood between January & March. The auto industry globally has suffered from semiconductor shortages and supply issues since the Covid-19 pandemic broke out in early 2020. Following the news, the stock of Tata Motor dipped before heading towards the session's peak. Semiconductor shortages have left customers for $100,000 Range Rovers waiting more than a year for their vehicles, with sales suspended for some variants. In the quarter ended September, the carmaker reported deliveries to dealerships that trailed guidance by 17%. JLR has reported losses for seven consecutive quarters, according to Bloomberg data, most recently reporting a loss before tax of £173 million ($206 million) in the three months ended September. The company said Nov. 9 that it forecasts an improvement in production and sales volumes in the six months to March 2023, and said free cash flow may approach break-even for the full financial year. In the September quarter, JLR reported revenue of 5.3 billion pounds and its wholesale volumes (excluding China JV) rose 18 per cent year-on-year to 75,307 units. Tata Motors on Wednesday said Jaguar Land Rover Chief Executive Officer Thierry Bollore has resigned from the post citing personal reasons. Tata Motors, in a regulatory filing, said Bollore has put in his papers. His last day at the British marquee brand will be December 31, 2022.