Jaguar Land Rover suffered a costly cyberattack, leading to production shutdowns and a significant financial loss of £196 million in the quarter. The UK government stepped in with a £1.5 billion loan guarantee to support the company’s recovery efforts. #ScatteredLapsus$ #JLR #UKGovernment
Keypoints
- Jaguar Land Rover experienced a cyberattack that caused production halts and data theft.
- The attack resulted in a £196 million financial impact for the company in one quarter.
- The UK government provided a £1.5 billion loan guarantee to aid recovery and restore supply chains.
- Production was phased back online by October 8, 2025, after severe disruptions.
- The cyberattack significantly affected JLR’s profitability and contributed to weaker UK GDP figures.