UK Government May Step In To Save Jaguar Land Rover Suppliers As Cyberattack Drags On
The ongoing Jaguar Land Rover cyberattack has caused significant headaches for the automaker, including shutting down its production lines, but it’s not the only one suffering during this process. The automaker’s suppliers have been hit hard by the attack, leading the government to consider buying parts to keep them afloat while JLR gets its house back in order.
JLR’s production is paused until at least October 1, but that’s not a guaranteed restart date. It has delayed the restart at least once before, and it has not yet announced a resolution to the cyberattack, so anything could happen.
The government’s plan could help keep suppliers in business, but there are challenges, including where and how to store the parts it purchases. It also said it doesn’t want to impose a solution on suppliers, noting that it would rather work with them to develop a path forward. Despite those efforts, many expect some suppliers to go bankrupt anyway, though the government may also step in to help pay wages.
The hack happened back on September 1, and JLR said it has worked with the National Cyber Security Center and law enforcement to get back on track. The solution can’t come soon enough, though, as estimates peg the automaker’s losses at up to five million pounds per day.
[Images: Jaguar]
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Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.
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If the result is an SUV or a crossover, then I´m not interested.
The biggest critic of the new Jaguar has spoken.