Carmaker reports £196m of exceptional direct costs in addressing hack as it returns to full output
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The cyber-attack that closed Jaguar Land Rover factories has pushed the company from profit into a quarterly loss of almost £500m, the carmaker has revealed.
JLR made pre-tax losses of £485m in the three months to 30 September, with production shut down throughout September due to the hack – a brutal turnaround from the £398m profit it recorded in the same period a year earlier, and ending 11 consecutive quarters of profit.
With factories only now returning to full output after a phased restart in October, the total financial impact of the hack on JLR is yet to be quantified.
