The BBC is reporting that a cargo ship loaded with 1400 newly minted English automobiles has run aground in the English Channel off the Isle of Wight.
The ship Hoegh Osaka was partially laden with an inventory of new Land Rover, Jaguar, and Mini vehicles, bound for points yet unknown. More than 1200 of the vehicles were reported as JLR vehicles, though the model breakdown was not disclosed.
For now, salvage teams are trying to determine how to rescue the vessel to prevent it from spilling its 500-ton fuel load in the English Channel. After it has been uprighted, crews can determine damage to the cargo itself. Given the 45-degree list, it’s highly unlikely that any of the cars remains undamaged.
While the carrier is insured for such an incident, the loss of several days of production could hamper sales for Land Rover and Jaguar, who are currently experiencing sales growth.