Risky Bulletin Newsletter
September 29, 2025
Risky Bulletin: UK to bail out Jaguar Land Rover
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News Editor
The UK government has agreed to underwrite a £1.5 billion loan to Jaguar Land Rover to help the carmaker deal with the increasingly costly aftermath of a recent cyberattack that has crippled its production and shut down factories for almost a month.
The underwrite was approved on Sunday after a visit from UK Business Secretary Peter Kyle to the headquarters of JLR and its main supply chain firm Webasto this week.
JLR fell victim to a ransomware attack—supposedly from the HellCat group—on August 31. Production lines at all JLE factories have been shut down ever since, and are expected to last into October.