Jaguar Land Rover readies £500 million loan to help distressed suppliers amid cyberattack shutdown woes
The move comes amid delays in a £1.5 billion taxpayer-backed rescue guarantee, announced by the UK government but yet to be signed
Tata Motors’ Jaguar Land Rover (JLR) unit is arranging a loan of up to £500 million to assist its suppliers following a cyberattack in early September that halted its production facilities for nearly a month, according to a report by Business Matters on Oct. 6.
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