Overview

• The five-year commercial loan will be guaranteed through UK Export Finance’s Export Development Guarantee and repaid by JLR, with ministers saying the support is intended to bolster cash reserves and protect jobs.
• JLR says invoicing, parts logistics and wholesale finance systems are back online and that some manufacturing operations will resume in the coming days as a controlled restart continues.
• Production has been paused since late August across sites in the UK and overseas, straining roughly 700 suppliers that support about 120,000 jobs alongside JLR’s 34,000 UK employees.
• The intervention is reported to be the first UK package linked directly to a cyberattack, drawing scrutiny from cybersecurity experts concerned about incentives for future targeting.
• JLR is working with the National Cyber Security Centre and law enforcement; it has acknowledged a data breach, and a group calling itself Scattered Lapsus$ Hunters has claimed responsibility.