Tata’s JLR Secures $2B UK Government Loan Guarantee

Following a significant cyberattack that stopped Jaguar Land Rover’s operations for almost a month, the UK government is intervening with a £1.5 billion loan guarantee to prevent the automaker’s supply chain from collapsing due to financial strain.

Production at Jaguar Land Rover’s three UK plants, owned by India’s Tata Motors, has halted, resulting in the suspension of daily vehicle production of approximately 1,000 units. 

This disruption is putting pressure on the labour market in important manufacturing areas near Birmingham and Liverpool, causing some suppliers to cut shifts or furlough workers.

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Business Minister Peter Kyle described the cyberattack as a direct blow to both Jaguar Land Rover and the UK’s internationally competitive auto industry. He mentioned that the loan guarantee aims to protect vital suppliers and preserve high-tech manufacturing jobs.