JLR Cyber Attack: Impact on Auto Industry

Jaguar Land Rover (JLR), a major car manufacturer, is facing a severe crisis due to a cyber attack. The attack, which began on September 1st, forced the company to shut down its computer systems and stop production worldwide.

The impact of this shutdown is significant. JLR has already lost an estimated £50 million. However, the most serious damage is being done to its network of suppliers, many of which are small and medium-sized businesses. These suppliers depend heavily on JLR and may face financial difficulties due to the production halt.

Experts warn that if the situation continues, some suppliers might go bankrupt, leading to job losses. The government is now being called upon to provide support, possibly in the form of a furlough scheme, to prevent widespread unemployment in the automotive industry.