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Will the 31 March debut of Freelander as a brand prove to be a turning point for embattled JLR?
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GlobalData has just lowered its global light vehicle sales forecast for 2026.
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The situation is constraining space on major maritime routes, raising freight costs and slowing delivery times, which is adding strain for Hyundai and companies in its supply chain.
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The Jaecoo 7 outsold the Ford Puma to take top spot for model sales in March.
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The Japanese automaker is also preparing to sell the US-made Camry sedan in Japan later this year.
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Shipments to the region had already been suspended in March, with the company now shifting production capacity towards vehicles headed for the US and Europe.
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The funding round was led by Greenoaks, with participation from DoorDash as a strategic investor alongside Prysm Capital.
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Under the revised arrangement, the supply of technical know-how and related manufacturing assistance for engine valves has been prolonged by another five years, as customer needs change.
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