UK government guarantees £1.5bn loan to Jaguar Land Rover amid cyber-attack and supplier crisis
TL;DR Summary
The UK government will guarantee a £1.5bn loan to Jaguar Land Rover to support its suppliers and protect jobs amid a cyber attack that has halted production since August, costing the company at least £50m weekly. The move aims to stabilize the supply chain and safeguard employment across the UK automotive sector.
Topics:business#business#cyber-attack#government-loan-guarantee#jaguar-land-rover#job-protection#supply-chain
- Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown BBC
- UK government will underwrite £1.5bn loan guarantee to Jaguar Land Rover after cyber-attack The Guardian
- JLR suppliers with 'days of cash' left, MP says BBC
- Britain pledges $2 billion loan guarantee for Jaguar Land Rover Yahoo Finance
- Jaguar Land Rover shutdown driving suppliers to cut jobs and reduce hours - survey Reuters
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