It comes weeks after Donald Trump criticised India for a “totally one-sided relationship” on trade.Indian prime minister Narendra Modi has said he has spoken with Donald Trump today, and that they “reviewed good progress achieved in trade negotiations”.The Dow Jones Industrial Average is down 0.5pc, whole the S&P 500 and Nasdaq have fallen 0.4pc.“We’re in a very strong bull market that refuses to fall in a meaningful fashion,” he said. “I’m expecting a pullback at some point but for now the environment is v ...

Jaguar Land Rover (JLR) has restarted manufacturing and is working with suppliers to keep them in business as the U.K. automaker works to recover from a cyberattack that crippled production for more than a month. The company announced that its phased manufacturing restart will begin Wednesday, when a pair of plants in the West Midlands — the Electric Propulsion Manufacturing Center, where JLR builds engines, and the Battery Assembly Center — come back online. Employees will also return to work at the compan ...

Jaguar Land Rover (JLR) has been rescued with a £1.5bn government-backed loan after it stopped manufacturing following a cyber attack. The cash injection will allow JLR to support its supply chain after firms warned of mass layoffs and collapse following the halt to production. Rachel Reeves, the Chancellor, said: “Jaguar Land Rover is an iconic British company which employs tens of thousands of people – a jewel in the crown of our economy. “Today we are protecting thousands of those jobs with up to £1. ...

By Sarah Young LONDON (Reuters) -Britain's biggest car maker Jaguar Land Rover (JLR) is extending the closure of its factories until October 1 following a cyberattack in early September which has left its operations paralysed and smaller suppliers struggling. The luxury carmaker, owned by India's Tata Motors, has three factories in Britain which produce about 1,000 cars per day. The group is said to be losing tens of millions of pounds, with many of its 33,000 staff told to stay at home. British busi ...

Core Viewpoint - Jaguar Land Rover (JLR) is facing a significant production shutdown due to a cyber attack, which may extend until November, potentially halting the production of nearly 50,000 cars and causing billions in lost sales [1][5]. Group 1: Production Impact - JLR's production lines have been paralyzed for two weeks, with a possibility of an additional seven-week shutdown [1][2]. - A credible restart date for production has been suggested as November, although this is not officially confirmed by the company [2][3]. - Even if the cyber issues are resolved immediately, it would take three to four weeks to ramp up production to near-normal levels [3]. Group 2: Financial Consequences - A prolonged shutdown could cost JLR billions in lost sales and put significant financial pressure on its suppliers, with some potentially facing bankruptcy without external support [5][6]. - The chaos from the shutdown may complicate the resumption of production and could also affect rival luxury brands that share suppliers with JLR [5]. Group 3: Industry Reactions - Industry insiders express concern over the situation, particularly for smaller suppliers reliant on JLR, with fears that some may go out of business [6][7]. - The ongoing disruption is acknowledged by JLR, which is working to resolve the crisis and restart operations in a controlled manner [4].