UK agrees loan guarantee for Jaguar Land Rover after cyberattack | Business

LONDON, Sept 28, 2025 (BSS/AFP) - The British government agreed a loan guarantee worth œ1.5 billion ($2 billion) for Jaguar Land Rover to shore up its cash reserves and supply chain, the trade minister said Sunday, after a damaging recent cyberattack. JLR said on September 2 that it had been targeted by hackers, forcing it to suspend production at its UK factories. The automaker said on Thursday that its IT systems were partly back online as part of a "phased restart", but production would remain on pause until at least October 1. The government announced that it would back the company with a loan guarantee "expected to unlock up to œ1.5 billion to give certainty to its supply chain". The...