Jaguar Land Rover plans phased manufacturing restart after major UK cyberattack
Jaguar Land Rover plans phased manufacturing restart after major UK cyberattack

Jaguar Land Rover plans phased manufacturing restart after major UK cyberattack

News summary

Jaguar Land Rover (JLR) is beginning a phased restart of its manufacturing operations following a nearly six-week shutdown caused by a significant cyberattack. Initial production is resuming at the Wolverhampton engine factory, with plans to restart at its larger Solihull and Nitra sites later in the week, while the Halewood plant may take longer to come back online. To support its supply chain, JLR has introduced a new financing arrangement that accelerates payments to suppliers to help stabilize their cash flows amid the disruption. The UK government has pledged to guarantee £1.5 billion in private-sector loans to assist JLR and its suppliers, though no formal agreement has been finalized. The company is working closely with cybersecurity experts and law enforcement to ensure a secure and safe manufacturing restart. Experts warn the cyberattack-related shutdown could cost JLR around £120 million in lost profits, also affecting linked companies and the broader supply chain.

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