Jaguar Land Rover (JLR) has been rescued with a £1.5bn government-backed loan after it stopped manufacturing following a cyber attack. The cash injection will allow JLR to support its supply chain after firms warned of mass layoffs and collapse following the halt to production. Rachel Reeves, the Chancellor, said: “Jaguar Land Rover is an iconic British company which employs tens of thousands of people – a jewel in the crown of our economy. “Today we are protecting thousands of those jobs with up to £1. ...

By Sarah Young LONDON (Reuters) -Britain's biggest car maker Jaguar Land Rover (JLR) is extending the closure of its factories until October 1 following a cyberattack in early September which has left its operations paralysed and smaller suppliers struggling. The luxury carmaker, owned by India's Tata Motors, has three factories in Britain which produce about 1,000 cars per day. The group is said to be losing tens of millions of pounds, with many of its 33,000 staff told to stay at home. British busi ...

A shutdown of another seven weeks would stop JLR producing almost 50,000 cars - Chris Ratcliffe/Bloomberg Jaguar Land Rover’s suppliers have been warned that car production may not resume until November as the fallout from a devastating cyber attack grows. The company’s factory lines have already been paralysed for two weeks after hackers compromised its computer systems, a situation that has forced bosses to temporarily send thousands of plant workers home. But with the crisis now in its third week, se ...