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UK government underwriting £1.5B loan to Jaguar Land Rover after cyber-attack

4 hours ago
https://www.theguardian.com/business/2025/sep/27/jaguar-land-rover-plans-to-restart-engine-manufacturing-in-early-october-report-says
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  • #government-support
  • #cyber-attack
  • #automotive-industry
  • The UK government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) following a cyber-attack.
  • JLR suspended production at UK factories due to the cyber-attack, with shutdowns lasting until at least 1 October.
  • The loan aims to provide certainty to JLR's suppliers and protect jobs in the automotive sector.
  • JLR, the UK's largest carmaker, was hit by a cyber-attack on 31 August, risking collapse of small suppliers.
  • JLR plans to reopen its £500m engine manufacturing centre in early October, with production resuming on 6 October.
  • JLR is working with cybersecurity specialists to ensure a safe restart of operations.
  • The loan will support JLR's supply chain and protect jobs in the West Midlands, Merseyside, and across the UK.
  • JLR employs 34,000 people in the UK and supports about 120,000 jobs through its supply chain.
  • Shadow and opposition leaders criticized the government's response time and called for improved cybersecurity standards.
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