UK government underwriting £1.5B loan to Jaguar Land Rover after cyber-attack

The UK government is providing a £1.5 billion loan guarantee to Jaguar Land Rover following a cyber-attack that forced production shutdowns. The loan aims to support the company's suppliers and protect jobs in the automotive sector. JLR plans to restart engine manufacturing in early October and is working with cybersecurity specialists to ensure a safe recovery. The government's support is seen as crucial for safeguarding thousands of jobs and maintaining a vital part of the British car industry. JLR, a major UK exporter, employs 34,000 people in its UK operations and has a significant supply chain.