Jaguar Land Rover at risk of running out of aluminium
Supplier in emergency talks to avoid bankruptcy that could cut off JLR’s supply of vital body and chassis partsLiberty Aluminium Technologies (LAT) has confirmed it is participating in last-ditch negotiations with its backers to avoid slipping into administration, a move that could prove catastrophic for Jaguar Land Rover.
According to Sky News, LAT is facing collapse "within days" if a deal can't be done to save it, with the biggest casualty set to be its main client, Jaguar Land Rover.
If the aluminium component-maker's three UK-based sites are forced to close, it could have huge implications for production of Jaguar, Land Rover and Range Rover models.
Before the emergency talks were triggered, LAT's parent company GFG Alliance announced in May that the supplier was for sale.
There's no word on whether there are any interested buyers, although it's been reported the aluminium specialist has asked the bank handling the talks for more time to pursue interested parties.
Jaguar Land Rover, meanwhile, has yet to comment on the situation.
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