UK government bails out Jaguar Land Rover with £1.5B loan after hack disrupts vehicle production for weeks

The U.K. government has confirmed it will guarantee a commercial bank loan of £1.5 billion ($2 billion) for car-making giant Jaguar Land Rover after a hack forced the company to shut down its production lines and left downstream suppliers at risk of bankruptcy. In a statement on Sunday, U.K. ministers said that the government-backed loan will “bolster JLR’s cash reserves so it can support its supply chain which has been greatly impacted by the shutdown.” JLR will have five years to pay back the loan. C ...