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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 message to hackers and crime groups.
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bbc.com
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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dailymail.co.uk
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.
