#jaguar-land-rover

#jaguar-land-rover

Small suppliers to Jaguar Land Rover have been asked to put up their family homes as personal guarantees in order to access emergency loans, with no direct UK government support on offer for parts makers a month after the carmaker was hit by a crippling cyber-attack. JLR, Britain's biggest automotive employer, is considering making advance payments to top-tier suppliers as it tries to restart production after the hack, but smaller parts makers warn they are on the brink of collapse without urgent cash injections.

Johnathan Dudley, Head of Manufacturing and SME Corporates at Crowe, said speed was critical if small suppliers were to survive: "It is absolutely vital that the money starts to filter down the chain - and quickly. The depth of penetration of the loan funding is an issue. Will it trickle down the supply chain and across ancillary businesses fast enough, wide enough and far enough before companies run out of cash?"

We have made this decision to give clarity for the coming week as we build the timeline for the phased restart of our operations and continue our investigation. Our teams continue to work around the clock alongside cybersecurity specialists, the NCSC, and law enforcement to ensure we restart in a safe and secure manner. Our focus remains on supporting our customers, suppliers, colleagues, and our retailers, who remain open.

We have taken this decision as our forensic investigation of the cyber incident continues, and as we consider the different stages of the controlled restart of our global operations, which will take time.

The Scattered Lapsus$ Hunters hacking group, recently linked to the attack on Jaguar Land Rover that has devastated the company, has announced that it plans to shut down.

Jaguar Land Rover has issued a cease-and-desist letter to the Rail Delivery Group, demanding the removal of the terms 'ranger' and 'rover' from rail tickets due to trademark infringement.

Britain's largest carmaker, Jaguar Land Rover (JLR), has delayed the launches of its new electric Range Rover and electric Jaguar models to allow for more testing.

Jaguar Land Rover is cutting up to 500 management roles in the UK due to falling sales and the financial effects of US import tariffs. The company employs over 30,000 people in the UK.

Jaguar Land Rover plans to cut up to 500 management jobs in the UK, amounting to about 1.5% of its workforce, due to a 15.1% sales drop.

The issue could have devastating consequences in a crash, as it could tear open and fail to protect occupants, raising the risk of serious injury.

Jaguar Land Rover's quarterly sales fell by more than 10%, with total units sold decreasing from 97,755 to 87,286 compared to the same period last year.