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Jaguar Land Rover rescued by emergency bailout
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe UK government has announced a £1.5 billion loan guarantee to Jaguar Land Rover (JLR) following a significant cyber attack. Chancellor Rachel Reeves stated the bailout aims to protect thousands of jobs at the iconic British company and its extensive supply chain. JLR was hit by hackers last month, leading to a halt in production and threatening its supply chain, with the company reportedly uninsured for cyber attacks. The loan, provided by a commercial bank and backed by UK Export Finance, will bolster JLR's cash reserves and is repayable over five years. This decisive action is part of the government's modern industrial strategy to boost growth and jobs in the UK automotive industry, supporting regions like the West Midlands and Merseyside. In fullJaguar Land Rover cyber attack: Reeves issues £1.5bn loan guarantee to rescue British car makerThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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6 prospettive sulla stessa storiaTimeline cronologica
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independent.co.uk
Government may step in to support UK car maker amid cyber attack
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Firms hit by Jaguar Land Rover cyber attack could get government help
A furlough scheme has been called for by unions but is not expected to be an option
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bbc.com
Jaguar Land Rover restarts some IT systems after cyber-attack
The carmaker says it is working through a backlog of payments as its IT systems come back online.
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Jaguar Land Rover says some IT systems back online after major cyber attack
The company has said it’s working to clear ‘backlog’ of payments to suppliers
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Jaguar Land Rover confirms ‘phased restart’ after cyber attack
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dailymail.co.uk
Ministers act over £2bn JLR hack - but rule out Covid-style rescue
The attack, which is estimated to have cost the business almost £2billion in lost revenue, came as Britain's biggest carmaker was still finalising insurance cover.
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'Just one week from collapse': Suppliers on brink as after JLR hack
Britain's largest car-maker last month suffered a devastating hack that threatens to cost it billions. It has has forced JLR to suspend factory production until next month.
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Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown
Ministers hope the loan, from a commercial bank and underwritten by the government, will give certainty to suppliers.
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Huge £1.5bn lifeline for firms hit by crisis at Jaguar Land Rover
Business and Trade Secretary Peter Kyle announced a loan guarantee scheme to keep afloat small firms that supply the car maker and employ 120,000 people.
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Jaguar Land Rover rescued by emergency bailout
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sueddeutsche.de
Cyberangriff: Milliardenkredit für Jaguar Land Rover
Coventry (dpa) - Die britische Regierung hilft dem durch einen Cyberangriff angeschlagenen Autobauer Jaguar Land Rover mit der Garantie für einen Milliardenkredit aus. Mit bis zu…
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welt.de
Cyberangriff: Milliardenkredit für Jaguar Land Rover - WELT
Nach einer Cyberattacke auf Jaguar Land Rover greift die britische Regierung dem Autobauer mit einer Milliardenbürgschaft unter die Arme. Die Produktion steht weiterhin still.
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Jaguar Land Rover to finally resume production
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Jaguar Land Rover to resume some production after major cyber attack
The car manufacturer paused all manufacturing at the start of the month after being targeted by hackers
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techcrunch.com
UK government bails out Jaguar Land Rover with £1.5B loan after hack disrupts vehicle production for weeks | TechCrunch
The Indian-owned carmaking giant will be bailed out after a cyberattack stalled car production and its downstream supply chain. Critics argue that the bailout sends the wrong…
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Cyberangriff: Die heikle Rettung von Jaguar Landrover - WELT
Seit Wochen stehen die Bänder still in den britischen Werken von Jaguar Landrover. Ein Cyberangriff hatte den Autobauer lahmgelegt. Die Krise weitete sich auf Zulieferer aus. Die…