The brand New Range Rovers has been parked outside a Jaguar Land Rover car dealership on May 8, 2025 in Tuntan, England.
Anna Barkle | Getty images
Britain will return to Jaguar Land Rover with a 1.5 billion pounds ($ 2 billion) loan guarantee to help support its supply chain in view of a luxury car manufacturer’s production shutdown after a cyber attack.
The shutdown of the Jaguar Land Rover lasted for about a month, and the government was searching for options to support the company and its supply chain, some small suppliers said they had a week left before they ran out of cash.
The car manufacturer, owned by Tata Motors in India, has three factories that produce around 1,000 cars per day, and maintain several jobs in the area around Birmingham, the second largest city in Britain and the northern city of Liverpool. On Friday, a survey revealed that some firms were reducing or doing excesses of employees.
Business Minister Peter Kyle said the cyber attack “was an attack on not only a reputed British brand, but also on our world-aged motor vehicle sector.”
“This will help support the loan guarantee supply chain and protect skilled jobs,” he said.
The Ministry of Trade said that the loan would be privately financed and a guarantee would be guaranteed by the UK’s export credit agency UK Export Finance, and was expected to unlock the support of 1.5 billion pounds for a car manufacturer’s supply chain.
