Live Updates > Live Update Details
2025-10-04 22:06:13
According to The Times, Jaguar Land Rover, which halted production in early September following a cyberattack, is preparing to provide up to £500 million (approximately $674 million) in loans to support its suppliers. The loans will be arranged through private channels and are separate from the £1.5 billion government-backed guarantee program announced by government ministers last Saturday. Citing multiple sources, the Times reports that the taxpayer-funded agreement, intended to allow Jaguar Land Rover to access funding from commercial banks, has not yet been formally signed. Jaguar Land Rover's phased restart of production at its global production sites is set to begin next Monday, but The Times reports that industry experts believe the company may not be able to fully resume production and return to normal levels until after Christmas.
