JLR Posts £485m Q2 Losses After September Ransomware Attack
🔒 Jaguar Land Rover reported a £485m ($639m) Q2 loss after a September ransomware attack that halted production at its three UK plants for weeks. The company said the incident generated £196m ($258m) in cyber-related costs, contributing to a 24% year‑on‑year revenue decline to £4.9bn ($6.5bn). JLR set up a loan-backed financing scheme for suppliers and secured government loan guarantees, and confirmed production has now resumed.
