When will Jaguar Land Rover restart production? "No one knows."
9 hours ago
- #automotive industry
- #cyber attack
- #supply chain disruption
- Jaguar Land Rover (JLR) faces prolonged operational disruptions due to a cyber attack, potentially costing over £3.5 billion in lost revenue.
- Production halted since August 31, affecting UK factories and a supply chain involving 200,000 workers; restart may take weeks.
- Daily losses estimated at £72 million in revenue and £5 million in profits if production remains stalled until November.
- Smaller suppliers in JLR's chain may suffer more severe financial consequences than JLR itself.
- Cyber attack coincides with JLR's rebranding of Jaguar and transition to electric vehicles, already facing delays.
- Uncertainty surrounds production restart, with industry insiders describing the situation as 'chaos'.