LONDON, United Kingdom — The British government has agreed to provide a loan guarantee worth £1.5 billion ($2 billion) to Jaguar Land Rover. This financial support is intended to shore up the company’s cash reserves and strengthen its supply chain.
The announcement was made on Sunday by London’s trade minister, following a recent cyberattack that caused significant disruption to the automaker.
Jaguar Land Rover disclosed on September 2 that it had been targeted by hackers, which impacted its operations. The government’s intervention aims to help the company navigate these challenges and stabilize its business moving forward.
https://business.inquirer.net/549684/uk-backs-jaguar-land-rover-with-loan-guarantee-after-cyberattack
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