Automotive News Europe — 2025-09-29
Automotive Industry
Jaguar Land Rover said it will resume some of its manufacturing operations in the coming days, as the automaker begins a phased recovery following a cyberattack earlier this month.
JLR’s announcement came after the British government said it will back JLR with a $2 billion loan guarantee to help support its supply chain in the wake of the production shutdown after the attack.
The automaker has three factories in Britain that manufacture a total of about 1,000 cars per day. According to the BBC, it is losing at least £50 million ($68 million) a week after the shutdown, with many of its 33,000 staff members told to stay at home.
Last week, JLR said that it informed suppliers that some systems were online, including those that control the global supply of parts and the financial system that manages wholesale vehicle sales. It also said its capacity to process invoices had increased.
JLR has already struggled this year, reporting a near 11 percent quarterly sales drop in July, due, in part, to a temporary pause in shipments to the United States after the Donald Trump administration-imposed tariffs on all car imports.
While the automaker resumed exports to the U.S. in May, it reduced its fiscal 2026 profit margin target to 5 percent-7 percent from 10 percent, amid ongoing uncertainty surrounding U.S. tariff policies.
Ratings agency Moody’s affirmed the automaker’s Ba1 corporate family rating but revised its outlook to negative from positive.
The Ba1 rating reflects that it will likely withstand the impact of the cyber incident, says Sweta Patodia, an assistant Vice President and analyst at Moody’s. “The outlook-change to negative from positive reflects our view that a full recovery in credit metrics will likely take several months,” she added.
The breach was the latest in a string of cyber and ransomware attacks targeting companies around the world. In Britain, household names including Marks & Spencer and the Co-op Group have fallen victim to increasingly sophisticated breaches.