Jaguar Land Rover cyberattack: UK pledges $2 billion loan guarantee; move aims to secure supply chain
The UK government announced a £1.5 billion loan guarantee for Jaguar Land Rover after a major cyberattack forced the carmaker to suspend production at its UK factories. This support aims to stabilize JLR's finances, protect skilled jobs, and secure its supply chain, which faced collapse due to delayed payments. Production remains suspended until at least October 1.
The UK government announced a £1.5 billion loan guarantee for Jaguar Land Rover after a major cyberattack forced the carmaker to suspend production at its UK factories. This support aims to stabilize JLR's finances, protect skilled jobs, and secure its supply chain, which faced collapse due to delayed payments. Production remains suspended until at least October 1.
