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Jaguar Land Rover Posts £485m Quarterly Loss After Cyber Attack as Production Recovers

The carmaker booked £196m in direct cyber-related costs, with investigations still active across multiple jurisdictions.

Overview

  • Factory lines were shut from 1 September for roughly five weeks, with a phased restart in early October and plants now at or near normal capacity.
  • Exceptional charges for the quarter totalled £238m, including £196m tied to the cyber incident and £42m for a voluntary redundancy programme.
  • Quarterly revenue fell 24% to £4.9bn and the first half swung to a £134m loss, with incremental US tariffs adding about £254m of cost pressure earlier in the year.
  • Official data linked a 0.1% September GDP fall to a 28.6% drop in UK car output, while CMC estimated wider knock-on costs of about £1.9bn affecting around 5,000 organisations.
  • The government provided a £1.5bn finance package for suppliers and JLR launched a £500m accelerated supplier funding scheme, as attribution of the attack remains undisclosed.