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Jaguar Land Rover to resume some manufacturing within days
Yahoo Finance· 2025-09-29 10:50
Core Points - Jaguar Land Rover plans to resume some production in the coming days as it recovers from a cyberattack that occurred nearly a month ago [1] - The cyberattack, disclosed on September 2, led to the theft of customer data and significant disruptions in production and retail operations [2] - The U.K. government announced a $2 billion loan guarantee to support Jaguar Land Rover's supply chain recovery [2][5] Company Impact - The cyberattack has severely impacted Jaguar Land Rover's operations, prompting the company to shut down certain systems to mitigate threats [2] - Jaguar Land Rover is a major employer in the U.K., with 34,000 workers and a supply chain that supports approximately 120,000 jobs [4] - The phased restoration of services includes sending parts to retailers and addressing payment backlogs [4] Government Response - U.K. Business Secretary Peter Kyle emphasized the attack's impact on the British automotive sector and its workforce [3] - The five-year loan will be facilitated by a commercial bank and backed by the Export Development Guarantee from UK Export Finance [5]