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Jaguar Land Rover Shuns £1.5B Loan Amid Cyber Crisis

11/1/2025

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Summary

Story summary

Jaguar Land Rover has not drawn on the £1.5 billion government-backed loan facility.
A cyber-attack forced JLR to close its factories from September 1 for over a month.
Some suppliers received cash from JLR's own support scheme, but lower-tier payments remain delayed.
The government says the loan guarantee aims to bolster JLR's cash reserves, but sources say no funds have reached JLR or its suppliers yet.

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Story summary

Jaguar Land Rover has not drawn on the £1.5 billion government-backed loan facility.
A cyber-attack forced JLR to close its factories from September 1 for over a month.
Some suppliers received cash from JLR's own support scheme, but lower-tier payments remain delayed.
The government says the loan guarantee aims to bolster JLR's cash reserves, but sources say no funds have reached JLR or its suppliers yet.