More results...
Reading undershoots forecasts, with crippling Jaguar Land Rover hack helping pull September GDP down by 0.1%The UK economy expanded by just 0.1% in the quarter from July to September as the crippling cyber-attack on Jaguar Land Rover hit manufacturing….
Exclusive: No cyber-attack assistance cash has gone into carmaker’s accounts or to struggling suppliersJaguar Land Rover has not drawn down any of a £1.5bn loan facility guaranteed by the government, with suppliers expressing anger over ministers’ clai…
The attack on Jaguar Land Rover costs the UK economy $2.5B, marking its most damaging cyber incident, says CMC. In early September, Jaguar Land Rover shut down systems to mitigate a cyberattack that disrupted production and retail operations. The attack also impacted systems at the Solihull production plant. UK dealers reported JLR disruptions blocking car registrations and […]
Cybersecurity body says more than 5,000 organisations affected in most costly cyber-attack to hit BritainBusiness live – latest updatesThe hack of Jaguar Land Rover has cost the British economy an estimated £1.9bn and affected more than 5,000 organisat…
Carmaker says sales dropped sharply in ‘challenging quarter’ amid production stoppageBusiness live – latest updatesJaguar Land Rover has launched a phased restart of its manufacturing operations, more than a month after the British carmaker was hit by …
Wolverhampton expected to be first plant to resume output, with some workers understood to have returnedSome factory workers at Jaguar Land Rover (JLR) returned to work on Monday, with the British manufacturer hoping to start making a limited number of…
Lobby group says urgent government intervention required as small suppliers on brink of collapse during shutdownSmall companies who supply parts used in Jaguar Land Rover cars have been asked by banks to put up their family homes as personal guarantees…
UK grants Jaguar Land Rover a £1.5B loan guarantee after a major cyberattack, though cybersecurity experts voice concerns about the government’s support plan. The UK government has announced a support package of £1.5 billion ($2 billion) for Jaguar Land Rover (JLR) in response to the disruptive cyberattack that recently hit the company. UK pledges decisive […]
Carmaker can now pay suppliers and ship parts and finished vehicles but is unable to say when factories will reopenJLR has restarted a limited number of computer systems, as Britain’s largest automotive employer scrambles to recover from a crippling cy…
As the government explores options to support suppliers it should ensure that the carmaker foots the eventual billHere are a few principles for the government to bear in mind as it contemplates intervening to support car component suppliers hit by the …