Britain will back Jaguar Land Rover with a £1.5 billion loan guarantee to shore up its supply chain after the luxury carmaker’s production was halted by a cyberattack. The guarantee, underpinned by UK Export Finance, aims to prevent supplier collapse.
Jaguar Land Rover’s production shutdown has now stretched nearly a month. The disruption stems from a severe cyber-attack that crippled its IT systems, halting operations across its factories and putting its suppliers under existential pressure.
Some smaller suppliers have warned they have as little as a week’s cash left before insolvency. In the regions around Birmingham and Liverpool, where JLR’s factories are key employers, firms are cutting hours and making redundancies.
Business Minister Peter Kyle framed the attack as “not only an assault on an iconic British brand, but on our world-leading automotive sector,” adding that the guarantee is intended to “support the supply chain and protect skilled jobs.”
The loan guarantee will be privately financed and guaranteed by UK Export Finance. It is designed to unlock £1.5 billion in support for parts makers, logistics firms and other suppliers tied to JLR.
JLR is owned by India’s Tata Motors, and the company’s three UK factories together produce about 1,000 cars daily in normal times. The knock-on effect of the shutdown is significant in terms of jobs, exports, and industrial confidence.
The cyberattack itself began on 31 August, and by early September JLR had shut down many parts of its IT infrastructure. Though some systems have now been restored (allowing supplier payments and parts distribution), full production remains paused.
Government support is not limited to this guarantee; ministers have been exploring additional measures, including expedited payments to suppliers, tax deferrals, or direct purchase of components to keep cash flowing.
The scale of the guarantee signals how serious the government considers the risk not just to JLR, but to the UK’s broader industrial base, this is more than a carmaker rescue, it’s a test of supply chain resilience in an era of mounting cyber threats.
Ukrainian President Volodymyr Zelenskyy appointed a new commander for drone air defences on Friday, recognising the critical role these defences play ...
A majority of judges on Brazil's Supreme Court panel voted on Friday to dismiss former President Jair Bolsonaro's appeal against his 27-year prison se...
The United States has expressed full support for the European Union's proposal to use frozen Russian assets to aid Ukraine and bring an end to the war...
Azerbaijan marks its fifth Victory Day on 8 November, celebrating the liberation of occupied territories and the restoration of sovereignty, a milesto...
The European Commission has tightened Schengen visa rules for Russian citizens, limiting most new applicants to single-entry permits, citing security ...
Ukrainian President Volodymyr Zelenskyy appointed a new commander for drone air defences on Friday, recognising the critical role these defences play in countering the threat of Russian drones.
A majority of judges on Brazil's Supreme Court panel voted on Friday to dismiss former President Jair Bolsonaro's appeal against his 27-year prison sentence for allegedly plotting a coup to remain in power after the 2022 presidential election.
The United States has expressed full support for the European Union's proposal to use frozen Russian assets to aid Ukraine and bring an end to the war with Russia, a U.S. source familiar with the matter told Reuters on Friday.
President Donald Trump announced on Friday that no U.S. government official would attend the upcoming Group of 20 summit in South Africa later this month, citing what he described as "human rights abuses" occurring in the country.
Kendrick Lamar and Lady Gaga lead the 2026 Grammy nominations, while K-Pop enters the Song of the Year category for the first time in the award’s history.
Israel launched airstrikes on southern Lebanon after ordering evacuations, accusing Hezbollah of rebuilding its forces despite a year-old ceasefire, as Lebanon and the United Nations warned of renewed border tensions.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
The driver who rammed his car into a crowd in western France on Wednesday is suspected of "self-radicalisation" and had "explicit religious references" at home, the country's Interior Minister Laurent Nunez said on Thursday.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
The Trump administration is seeking to make sharing data about pathogens a condition for countries receiving U.S. health aid, according to a draft document obtained by Reuters.
Ukrainian President Volodymyr Zelenskyy appointed a new commander for drone air defences on Friday, recognising the critical role these defences play in countering the threat of Russian drones.
A majority of judges on Brazil's Supreme Court panel voted on Friday to dismiss former President Jair Bolsonaro's appeal against his 27-year prison sentence for allegedly plotting a coup to remain in power after the 2022 presidential election.
The United States has expressed full support for the European Union's proposal to use frozen Russian assets to aid Ukraine and bring an end to the war with Russia, a U.S. source familiar with the matter told Reuters on Friday.
The European Commission has tightened Schengen visa rules for Russian citizens, limiting most new applicants to single-entry permits, citing security risks linked to the war in Ukraine.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment